1355 Dixie Airport 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 1355 Dixie Airport Rd, Madison Heights, VA, 24572 generates $1,866/mo in rent and, after a $1,003/mo payment, leaves $641/mo in cash flow. Total monthly income is $1,866/mo, and annual cash flow is $7,691/yr on $67,958 invested. Return on cash invested sits at 31.23% in year one, and rental yield is 10.92% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 163.24% and total cumulative return in cash sums $110,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,866/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.42 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: Jami Graham • Magnolia Mountain Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #359003
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.