950 Grayson RdWythevilleVA24382
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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 Wytheville at 950 Grayson Rd, Wytheville, VA, 24382 uses $71,273 cash to close to unlock $4,441/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $1,052/mo payment keeps the spread at $370/mo. Purchase price stands at $215,000, and rental yield measures 9.24% with $1,655/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 136.04% and total cumulative return in cash records $96,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.60 Acres 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
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Listed by: Joseph Dykes • Berkshire Hathaway Home Services Mountain Sky Properties-Bland
Mls Name: New River Valley AOR
Mls ID: #425939