8743 Wards Gap RdCanaVA24317
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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 Cana at 8743 Wards Gap Rd, Cana, VA, 24317 priced at $498,500 pairs $2,345/mo rent with after a $2,440/mo payment. Total monthly income equals $2,345/mo. Return on cash invested is 15.3% in year one, and rental yield stands at 5.64% on a $498,500 basis. Equity gained on principal adds $3,217/yr, and 5% annual appreciation accumulates to $137,726 by year five. Five-year ROI measures 77.83% and total cumulative return in cash reaches $128,609. For financing, Ziffy Mortgage’s DSCR program evaluates $2,345/mo property income against a $2,440/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
4.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24317, Cana, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,988 (100%) |
| Owner Occupied HU | 1,277 (64.2%) |
| Renter Occupied HU | 338 (17.0%) |
| Vacant Housing Units | 373 (18.8%) |
| Median Home Value | $142,663 |
| Average Home Value | $201,498 |
Housing Distribution
Address Breakdown
Residential
1,701
Single Family
1,701
Multi-Family
0
Businesses
94
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Listed by: Keith Clark • Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424228
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.