867 Hite DrBuffalo JunctionVA24529
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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
Rental property for sale in Buffalo Junction at 867 Hite Dr, Buffalo Junction, VA, 24529 priced at $350,000 converts $1,876/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,876/mo. Return on cash invested prints 17.67% in year one, and rental yield reads 6.43% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 90.58% and total cumulative return in cash sums $105,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1945
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24529, Buffalo Junction, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 556 (53.0%) |
| Renter Occupied HU | 174 (16.6%) |
| Vacant Housing Units | 319 (30.4%) |
| Median Home Value | $318,421 |
| Average Home Value | $337,711 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
828
Multi-Family
0
Businesses
36
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Listed by: Kurt Royster • Oak River Realty
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71492