101 7th St NENortonVA24273
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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 Norton at 101 7th St NE, Norton, VA, 24273 at $199,000 posts ROI 27.28% with $405/mo cash flow from $1,595/mo rent. Total monthly income equals $1,595/mo, and annual cash flow records $4,865/yr on $65,969 to close. Return on cash invested measures 27.28% and rental yield reads 9.62% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 142.15% and total cumulative return in cash totals $93,774.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,595/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24273, Norton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,485 (51.5%) |
| Renter Occupied HU | 920 (31.9%) |
| Vacant Housing Units | 480 (16.6%) |
| Median Home Value | $113,727 |
| Average Home Value | $159,239 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,288
Multi-Family
175
Businesses
388
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Listed by: Karla Osborne • Lonesome Pine Realty
Mls Name: TVRMLS
Mls ID: #9967982
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