914 Woodland RdRich CreekVA24147
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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 Rich Creek at 914 Woodland Rd, Rich Creek, VA, 24147 earns from $600/mo rent with a $1,395/mo payment. Total monthly income totals $600/mo. ROI tracks 5.89% on current figures, and rental yield reads 2.53% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 27.43% and total cumulative return in cash sums $25,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $600/mo property income instead of your personal income.
Single Family
Built in 1963
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24147, Rich Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 228 (55.5%) |
| Renter Occupied HU | 123 (29.9%) |
| Vacant Housing Units | 60 (14.6%) |
| Median Home Value | $141,250 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
236
Multi-Family
42
Businesses
49
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Listed by: CAROL LAVINDER, Broker • LAVINDER REAL ESTATE INC
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55424