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429 West Main Street
Covington, VA 24426
Asking Price
$2.30M
Asset Type
Motel Hospitality
Class
Class B
What's Special
<p>Investment Highlights</p><p>Financial Performance & Value</p><p>Strong Revenue Stream: The property consistently generates approximately $650,000 in annual gross revenue, demonstrating a robust and stable income base.</p><p>Attractive Pricing: Offered at $2,300,000, representing a competitive 3.5x Room Revenue Multiplier (RRM)—a highly desirable entry point for the Virginia hospitality market.</p><p>Proven Cash Flow: A high-performing asset with excellent net cash flow, providing immediate re
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741
