106 Monacan Park RdMadison HeightsVA24572
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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
Rental property for sale in Madison Heights at 106 Monacan Park Rd, Madison Heights, VA, 24572 offers $2,272/mo rent that, after a $1,238/mo payment, leaves $760/mo cash flow. Total monthly income is $2,272/mo, and annual cash flow is $9,120/yr on $83,836 cash. Return on cash invested measures 30.79% in year one, and rental yield stands at 10.78% at a $252,900 entry. Equity gained on principal adds $1,632/yr while 5% annual appreciation compounds into $69,872 by year five. Five-year ROI records 160.97% and total cumulative return in cash reaches $134,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,272/mo property income versus a $1,238/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24572, Madison Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,710 (100%) |
| Owner Occupied HU | 5,270 (68.4%) |
| Renter Occupied HU | 1,784 (23.1%) |
| Vacant Housing Units | 656 ( 8.5%) |
| Median Home Value | $213,028 |
| Average Home Value | $237,874 |
Housing Distribution
Address Breakdown
Residential
7,198
Single Family
7,021
Multi-Family
177
Businesses
387
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Listed by: Teresa D. Hudson • John Stewart Walker, Inc
Mls Name: LMLS
Mls ID: #360438