1168 Elon 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 1168 Elon Rd, Madison Heights, VA, 24572 priced at $627,900 converts $3,227/mo rent into after a $3,073/mo obligation. Total monthly income equals $3,227/mo. Return on cash invested prints 17% in year one, and rental yield reads 6.17% against a $627,900 entry. Equity gained on principal adds $4,052/yr, while 5% annual appreciation compiles into $173,477 by year five. Five-year ROI reaches 86.95% and total cumulative return in cash sums $179,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,227/mo property income covering a $3,073/mo payment, not borrower’s personal income.
Single Family
Built in 1927
38.58 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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Nearby investment properties with comparable prices
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