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5118 Big Ridge Rd, Covington, VA 24426 — $125,000 · 2bd · ~1.6% rule | OnePercent

5118 Big Ridge Rd, Covington, VA 24426

$125,000

Home·Covington 24426·5118 Big Ridge Rd, Covington, VA 24426

Last confirmed 3 days ago

5118 Big Ridge Rd, Covington, VA 24426

2 bd · 1 ba · 1,828 sqft · built 1940 · Covington · SINGLE_FAMILY·source listing ↗

$125,000

rent, three ways

OnePercent model (vv1)$1,975/mo

p10–p90 confidence band

HUD Fair Market Rent · 24426 · 2BR

$1,030/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Alleghany

Flood risk indexRelatively High FEMA NRI

Median household income$55,138

Median area rent$793/mo

Median home value$115,500

the verdict

1.58%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$125,000

1.58% · rent $1,975

Intrinsic value · income approach

$231,801

46% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.