Meadow Creek RdWinginaVA24599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wingina at Meadow Creek Rd, Wingina, VA, 24599 offers $1,238/mo rent that, after a $636/mo payment, leaves $461/mo cash flow. Total monthly income is $1,238/mo, and annual cash flow is $5,534/yr on $43,095 cash. Return on cash invested measures 32.75% in year one, and rental yield stands at 11.43% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 171.53% and total cumulative return in cash reaches $73,923. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,238/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
34.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24599, Wingina, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 258 (62.9%) |
| Renter Occupied HU | 55 (13.4%) |
| Vacant Housing Units | 97 (23.7%) |
| Median Home Value | $213,333 |
| Average Home Value | $255,310 |
Housing Distribution
Address Breakdown
Residential
299
Single Family
299
Multi-Family
0
Businesses
11
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