96 Cascade Trl #24Fancy 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
Investment property for sale in Fancy Gap at 96 Cascade Trl #24, Fancy Gap, VA, 24328 uses $39,614 cash to close to unlock $2,202/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $898/mo, and a $585/mo payment keeps the spread at $184/mo. Purchase price stands at $119,500, and rental yield measures 9.02% with $898/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 132.42% and total cumulative return in cash records $52,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $898/mo property income covering a $585/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No 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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