1417 Main StClifton ForgeVA24422
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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 Clifton Forge at 1417 Main St, Clifton Forge, VA, 24422 generates $1,783/mo in rent and, after a $1,003/mo payment, leaves $558/mo in cash flow. Total monthly income is $1,783/mo, and annual cash flow is $6,696/yr on $67,941 invested. Return on cash invested sits at 29.76% in year one, and rental yield is 10.44% on a $204,950 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,624 over five years. Five-year ROI reaches 155.4% and total cumulative return in cash sums $105,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,783/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24422, Clifton Forge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,244 (100%) |
| Owner Occupied HU | 1,893 (58.4%) |
| Renter Occupied HU | 742 (22.9%) |
| Vacant Housing Units | 609 (18.8%) |
| Median Home Value | $120,285 |
| Average Home Value | $163,847 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,596
Multi-Family
299
Businesses
182
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Listed by: MAKAILYNN HOKE • MKB, REALTORS(r) - SALEM
Mls Name: RVAR
Mls ID: #923964