505 Royal Gardens Ct #505Madison HeightsVA24572
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 Madison Heights at 505 Royal Gardens Ct #505, Madison Heights, VA, 24572 generates $1,260/mo in rent and, after a $1,027/mo payment, leaves $6/mo in cash flow. Total monthly income is $1,260/mo, and annual cash flow is $67/yr on $69,582 invested. Return on cash invested sits at 20.01% in year one, and rental yield is 7.2% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 103.11% and total cumulative return in cash sums $71,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Townhouse
Built in 1992
2,047 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24572, Madison Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,710 (100%) |
| Owner Occupied HU | 5,270 (68.4%) |
| Renter Occupied HU | 1,784 (23.1%) |
| Vacant Housing Units | 656 ( 8.5%) |
| Median Home Value | $213,028 |
| Average Home Value | $237,874 |
Housing Distribution
Address Breakdown
Residential
7,198
Single Family
7,021
Multi-Family
177
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Dunton • DeWitt Real Estate & Auctions
Mls Name: LMLS
Mls ID: #362894