855 Algoma RdCallawayVA24067
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Callaway at 855 Algoma Rd, Callaway, VA, 24067 offers a 8.89% rental yield on a $219,950 purchase with $1,630/mo rent. Total monthly income registers $1,630/mo, and a $1,077/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,777/yr on $72,913 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,768 over five years. Portfolio math shows five-year ROI at 130.34% and total cumulative return in cash at $95,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,630/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24067, Callaway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,108 (100%) |
| Owner Occupied HU | 795 (71.8%) |
| Renter Occupied HU | 159 (14.4%) |
| Vacant Housing Units | 154 (13.9%) |
| Median Home Value | $302,049 |
| Average Home Value | $352,484 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
963
Multi-Family
0
Businesses
31
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