1033 Preston StRadfordVA24141
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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 Radford at 1033 Preston St, Radford, VA, 24141 offers a 9.19% rental yield on a $199,995 purchase with $1,531/mo rent. Total monthly income registers $1,531/mo, and a $979/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,024/yr on $66,298 to close, and return on cash invested stands at 25.98% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,255 over five years. Portfolio math shows five-year ROI at 135.16% and total cumulative return in cash at $89,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,531/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24141, Radford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,304 (100%) |
| Owner Occupied HU | 5,017 (48.7%) |
| Renter Occupied HU | 3,996 (38.8%) |
| Vacant Housing Units | 1,291 (12.5%) |
| Median Home Value | $296,164 |
| Average Home Value | $324,065 |
Housing Distribution
Address Breakdown
Residential
9,834
Single Family
8,848
Multi-Family
986
Businesses
587
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