139 Abbitts DrMadison 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 139 Abbitts Dr, Madison Heights, VA, 24572 priced at $227,000 converts $1,637/mo rent into $280/mo cash flow after a $1,111/mo obligation. Total monthly income equals $1,637/mo, and annual cash flow totals $3,361/yr on $75,251 invested. Return on cash invested prints 24.38% in year one, and rental yield reads 8.65% against a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation compiles into $62,716 by year five. Five-year ROI reaches 126.57% and total cumulative return in cash sums $95,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,637/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.54 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: Trevor Reed Gillispie • Elite Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #359049
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.