905 Midnight DrChilhowieVA24319
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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 Chilhowie at 905 Midnight Dr, Chilhowie, VA, 24319 generates $1,272/mo in rent and, after a $783/mo payment, leaves $316/mo in cash flow. Total monthly income is $1,272/mo, and annual cash flow is $3,788/yr on $53,040 invested. Return on cash invested sits at 27.05% in year one, and rental yield is 9.54% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 140.91% and total cumulative return in cash sums $74,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,145 (65.3%) |
| Renter Occupied HU | 694 (21.1%) |
| Vacant Housing Units | 448 (13.6%) |
| Median Home Value | $172,189 |
| Average Home Value | $204,587 |
Housing Distribution
Address Breakdown
Residential
2,644
Single Family
2,644
Multi-Family
0
Businesses
154
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Listed by: Lisa Blevins • Matt Smith Realty
Mls Name: SWVAR
Mls Provider:
Mls ID: #97742
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.