LOT 8 Homestead WayAbingdonVA24210
Nearby investment properties with comparable rents
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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 Abingdon at LOT 8 Homestead Way, Abingdon, VA, 24210 offers $1,440/mo rent that, after a $4,160/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 4.44% in year one, and rental yield stands at 2.03% at a $849,900 entry. Equity gained on principal adds $5,484/yr while 5% annual appreciation compounds into $234,812 by year five. Five-year ROI records 19.56% and total cumulative return in cash reaches $54,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24210, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 4,887 (59.8%) |
| Renter Occupied HU | 2,455 (30.1%) |
| Vacant Housing Units | 827 (10.1%) |
| Median Home Value | $237,967 |
| Average Home Value | $350,121 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,698
Multi-Family
138
Businesses
853
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