188 Main StMadison HeightsVA24572
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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 Madison Heights at 188 Main St, Madison Heights, VA, 24572 listed at $238,500 pairs $1,440/mo rent with a $1,167/mo payment to leave $15/mo cash flow. Total monthly income runs $1,440/mo, and annual cash flow reaches $175/yr on $79,063 cash to close. Return on cash invested measures 20.13% in year one, and rental yield registers 7.25% at a $238,500 basis. Equity gained on principal adds $1,539/yr, and annual property appreciation at 5% supports $65,893 by year five. Five-year ROI tracks 103.77% and total cumulative return in cash totals $82,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $1,167/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24572, Madison Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,710 (100%) |
| Owner Occupied HU | 5,270 (68.4%) |
| Renter Occupied HU | 1,784 (23.1%) |
| Vacant Housing Units | 656 ( 8.5%) |
| Median Home Value | $213,028 |
| Average Home Value | $237,874 |
Housing Distribution
Address Breakdown
Residential
7,198
Single Family
7,021
Multi-Family
177
Businesses
387
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Listed by: Kim Spinner • Cornerstone Realty Group Inc.
Mls Name: LMLS
Mls ID: #357128