500 Ridge Ave NWNortonVA24273
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
Investment property for sale in Norton at 500 Ridge Ave NW, Norton, VA, 24273 offers a 7.78% rental yield on a $530,000 purchase with $3,434/mo rent. Total monthly income registers $3,434/mo, and a $2,594/mo payment leaves $266/mo available for distribution. Annual cash flow reaches $3,190/yr on $174,370 to close, and return on cash invested stands at 21.89% in year one. Equity gained on principal adds $3,420/yr while 5% annual appreciation supports $146,429 over five years. Portfolio math shows five-year ROI at 113.15% and total cumulative return in cash at $197,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,434/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7.75 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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