315A Clement StRadfordVA24141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 315A Clement St, Radford, VA, 24141 priced at $139,900 converts $1,260/mo rent into $373/mo cash flow after a $685/mo obligation. Total monthly income equals $1,260/mo, and annual cash flow totals $4,481/yr on $46,377 invested. Return on cash invested prints 29.57% in year one, and rental yield reads 10.81% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 154.92% and total cumulative return in cash sums $71,847. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $685/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
5,227 sqft lot
$N/A/sqft
$600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan McCollum • Long & Foster-Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423477
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.