1022 Spruce St NWNortonVA24273
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1022 Spruce St NW, Norton, VA, 24273 in Norton is a top-tier cash-flow asset. At $167,333 it produces $1,650/mo in rent and $650/mo in net monthly income, a 11.83% gross rental yield. The DSCR of 2.19 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,797. Five-year appreciation adds $46,231, driving a total cumulative return of $105,144.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $650 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,650 |
| Total Monthly Debt Service | $934 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
4,356 sqft 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
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
Single Family
Built in 1960
4,356 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices