96 Cascade Trl #23Fancy GapVA24328
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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 Fancy Gap at 96 Cascade Trl #23, Fancy Gap, VA, 24328 generates $873/mo in rent and, after a $577/mo payment, leaves $93/mo in cash flow. Total monthly income is $873/mo, and annual cash flow is $1,119/yr on $39,084 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 8.89% on a $117,900 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation builds toward $32,574 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash sums $46,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $873/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24328, Fancy Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 774 (44.9%) |
| Renter Occupied HU | 160 ( 9.3%) |
| Vacant Housing Units | 791 (45.9%) |
| Median Home Value | $166,296 |
| Average Home Value | $202,775 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
64
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Listed by: James Mchone • Beamer & Kirkman Realty LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #93218
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.