226 7th St NENortonVA24273
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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 Norton at 226 7th St NE, Norton, VA, 24273 uses $72,267 cash to close to unlock $3,502/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $1,595/mo, and a $1,067/mo payment keeps the spread at $292/mo. Purchase price stands at $218,000, and rental yield measures 8.78% with $1,595/mo rent. Return on cash invested shows 24.76% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 128.55% and total cumulative return in cash records $92,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,595/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1964
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24273, Norton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,485 (51.5%) |
| Renter Occupied HU | 920 (31.9%) |
| Vacant Housing Units | 480 (16.6%) |
| Median Home Value | $113,727 |
| Average Home Value | $159,239 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,288
Multi-Family
175
Businesses
388
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