1508 Jefferson AveClifton 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 1508 Jefferson Ave, Clifton Forge, VA, 24422 offers $2,202/mo rent that, after a $1,121/mo payment, leaves $833/mo cash flow. Total monthly income is $2,202/mo, and annual cash flow is $9,995/yr on $75,914 cash. Return on cash invested measures 33.08% in year one, and rental yield stands at 11.54% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 173.16% and total cumulative return in cash reaches $131,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,202/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
9,520 sqft 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: SHERRI L HOLLAND • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls ID: #917180