1712 3rd 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
Rental property for sale in Radford at 1712 3rd St, Radford, VA, 24141 generates $1,711/mo in rent and, after a $1,273/mo payment, leaves $156/mo in cash flow. Total monthly income is $1,711/mo, and annual cash flow is $1,876/yr on $86,190 invested. Return on cash invested sits at 22.09% in year one, and rental yield is 7.9% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash sums $98,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,711/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
10,018 sqft 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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Listed by: ERIK OLSON • BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
Mls Name: RVAR
Mls Provider:
Mls ID: #919513
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