4635 Pierce RdNortonVA24273
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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 Norton at 4635 Pierce Rd, Norton, VA, 24273 priced at $122,000 converts $927/mo rent into $198/mo cash flow after a $597/mo obligation. Total monthly income equals $927/mo, and annual cash flow totals $2,374/yr on $40,443 invested. Return on cash invested prints 25.78% in year one, and rental yield reads 9.12% against a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation compiles into $33,706 by year five. Five-year ROI reaches 134.05% and total cumulative return in cash sums $54,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $927/mo property income covering a $597/mo payment, not borrower’s personal income.
Single Family
Built in 9999
10,454 sqft 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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Listed by: Sandra Rhymer • Uptown Properties LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #97292
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.