903 Olney RdVintonVA24179
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 Vinton at 903 Olney Rd, Vinton, VA, 24179 priced at $309,950 converts $2,230/mo rent into $377/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,230/mo, and annual cash flow totals $4,527/yr on $102,748 invested. Return on cash invested prints 24.31% in year one, and rental yield reads 8.63% against a $309,950 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,633 by year five. Five-year ROI reaches 126.22% and total cumulative return in cash sums $129,688. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,230/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1964
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24179, Vinton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,720 (100%) |
| Owner Occupied HU | 6,111 (70.1%) |
| Renter Occupied HU | 2,125 (24.4%) |
| Vacant Housing Units | 484 ( 5.6%) |
| Median Home Value | $272,333 |
| Average Home Value | $313,882 |
Housing Distribution
Address Breakdown
Residential
8,576
Single Family
7,983
Multi-Family
593
Businesses
608
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Nearby investment properties with comparable prices
Listed by: Jason Lee Boothe • MOUNTAIN VIEW REAL ESTATE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #915660
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