1511 Cedar 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
Investment property for sale in Clifton Forge at 1511 Cedar St, Clifton Forge, VA, 24422 uses $72,599 cash to close to unlock $4,233/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $1,662/mo, and a $1,072/mo payment keeps the spread at $353/mo. Purchase price stands at $219,000, and rental yield measures 9.11% with $1,662/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash records $97,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,662/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1977
3,900 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: LISA M BROWN • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls ID: #923549