8892 Highland Tpke, Mc Dowell, VA, 24458 | $606/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8892 Highland Tpke, Mc Dowell, VA, 24458 | $606/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mc Dowell at 8892 Highland Tpke, Mc Dowell, VA, 24458 offers $1,921/mo rent that, after a $1,077/mo payment, leaves $606/mo cash flow. Total monthly income is $1,921/mo, and annual cash flow is $7,268/yr on $72,930 cash. Return on cash invested measures 29.87% in year one, and rental yield stands at 10.48% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 156.02% and total cumulative return in cash reaches $113,783. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,921/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1889

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Historic Highland County Home - B&B or Mountain Getaway! Step back in time with this enchanting Victorian home in the heart of the historic village of McDowell, VA. Imagine this property as a charming bed & breakfast, a cozy mountain getaway, or your forever home. Guests will love strolling down the street to the local country store for Highland Countys famous maple syrup before returning to swing on the welcoming front porch or gather in the large backyard, ideal for gardening or playtime. Believed to have portions dating back to the 1700s, this 4-bed, 2-bath home is brimming with character, warmth, and possibility. Inside, youll find original hardwood floors, built-in cabinets, front and rear staircases, and a dream library with floor-to-ceiling shelves. With seven mantles (3 working fireplaces), stone floors, a clawfoot tub, and a metal roof, this home blends history with charm at every turn. The second floor includes a large unfinished room, offering potentialfinish it as additional living space, create a studio, or enjoy it as storage. Priced below tax assessment and waiting for its new owner to make it shine. Highland County is known for its national forest, rich history-a true haven for history lovers and nature buffs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24458, Mc Dowell, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	316 (100%)
Owner Occupied HU	177 (56.0%)
Renter Occupied HU	14 ( 4.4%)
Vacant Housing Units	125 (39.6%)
Median Home Value	$284,722
Average Home Value	$382,288