1813 7th 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 1813 7th St, Radford, VA, 24141 uses $39,747 cash to close to unlock $2,589/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $956/mo, and a $587/mo payment keeps the spread at $216/mo. Purchase price stands at $119,900, and rental yield measures 9.57% with $956/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 137.76% and total cumulative return in cash records $54,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $956/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1946
8,712 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: Charles Burnette • Burnette Real Estate Sales & Management Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #421544
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.