88 W Banner StLebanonVA24266
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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 Lebanon at 88 W Banner St, Lebanon, VA, 24266 offers a 9.43% rental yield on a $262,000 purchase with $2,058/mo rent. Total monthly income registers $2,058/mo, and a $1,282/mo payment leaves $492/mo available for distribution. Annual cash flow reaches $5,906/yr on $86,853 to close, and return on cash invested stands at 26.71% in year one. Equity gained on principal adds $1,691/yr while 5% annual appreciation supports $72,386 over five years. Portfolio math shows five-year ROI at 139.09% and total cumulative return in cash at $120,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,058/mo property income against a $1,282/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24266, Lebanon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,071 (100%) |
| Owner Occupied HU | 2,756 (67.7%) |
| Renter Occupied HU | 837 (20.6%) |
| Vacant Housing Units | 478 (11.7%) |
| Median Home Value | $166,692 |
| Average Home Value | $193,689 |
Housing Distribution
Address Breakdown
Residential
3,422
Single Family
3,422
Multi-Family
0
Businesses
367
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Listed by: Melanie Waugh • Homeland Real Estate
Mls Name: SWVAR
Mls Provider:
Mls ID: #99770
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.