87 Augusta Springs RdCraigsvilleVA24430
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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 Craigsville at 87 Augusta Springs Rd, Craigsville, VA, 24430 priced at $108,000 converts $818/mo rent into $172/mo cash flow after a $529/mo obligation. Total monthly income equals $818/mo, and annual cash flow totals $2,064/yr on $35,802 invested. Return on cash invested prints 25.67% in year one, and rental yield reads 9.09% against a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation compiles into $29,838 by year five. Five-year ROI reaches 133.49% and total cumulative return in cash sums $47,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $818/mo property income covering a $529/mo payment, not borrower’s personal income.
Single Family
Built in 1935
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24430, Craigsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 521 (63.2%) |
| Renter Occupied HU | 203 (24.6%) |
| Vacant Housing Units | 101 (12.2%) |
| Median Home Value | $324,554 |
| Average Home Value | $420,590 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
509
Multi-Family
6
Businesses
22
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Nearby investment properties with comparable prices
Listed by: Brittany Bogan • Heritage Real Estate Co
Mls Name: HRAR
Mls ID: #662894
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.