Meade DrAbingdonVA24211
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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 Abingdon at Meade Dr, Abingdon, VA, 24211 offers a 22.37% rental yield on a $175,000 purchase with $3,262/mo rent. Total monthly income registers $3,262/mo, and a $857/mo payment leaves $2,190/mo available for distribution. Annual cash flow reaches $26,285/yr on $58,013 to close, and return on cash invested stands at 65.22% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 345.76% and total cumulative return in cash at $200,587. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,262/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.20 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24211, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,916 (100%) |
| Owner Occupied HU | 3,689 (75.0%) |
| Renter Occupied HU | 683 (13.9%) |
| Vacant Housing Units | 544 (11.1%) |
| Median Home Value | $353,032 |
| Average Home Value | $429,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,624
Multi-Family
14
Businesses
176
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Listed by: Carol Jones • BHHS Jones Property Group VA
Mls Name: SWVAR
Mls Provider:
Mls ID: #97721
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.