200 Preston 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 200 Preston St, Radford, VA, 24141 priced at $329,900 converts $2,198/mo rent into $226/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,198/mo, and annual cash flow totals $2,707/yr on $109,362 invested. Return on cash invested prints 22.38% in year one, and rental yield reads 8% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 115.85% and total cumulative return in cash sums $126,699. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,198/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.41 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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Listed by: Robert Alderman • Giesen-Caldwell Agency, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422317
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.