890 W North StWythevilleVA24382
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wytheville at 890 W North St, Wytheville, VA, 24382 priced at $325,000 converts $2,375/mo rent into $432/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,375/mo, and annual cash flow totals $5,183/yr on $107,738 invested. Return on cash invested prints 24.72% in year one, and rental yield reads 8.77% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 128.35% and total cumulative return in cash sums $138,277. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,375/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1935
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Carfagna • Long & Foster-Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423399
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.