1512 8th StRadfordVA24141
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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 Radford at 1512 8th St, Radford, VA, 24141 earns $302/mo cash flow from $1,970/mo rent with a $1,366/mo payment. Total monthly income totals $1,970/mo, and annual cash flow totals $3,621/yr on $92,489 capital. ROI tracks 23.82% on current figures, and rental yield reads 8.47% at a $279,000 purchase. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 over five years. Five-year ROI reaches 123.56% and total cumulative return in cash sums $114,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,970/mo property income instead of your personal income.
Single Family
Built in 1960
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24141, Radford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,304 (100%) |
| Owner Occupied HU | 5,017 (48.7%) |
| Renter Occupied HU | 3,996 (38.8%) |
| Vacant Housing Units | 1,291 (12.5%) |
| Median Home Value | $296,164 |
| Average Home Value | $324,065 |
Housing Distribution
Address Breakdown
Residential
9,834
Single Family
8,848
Multi-Family
986
Businesses
587
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