506 Court StClifton ForgeVA24422
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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 Clifton Forge at 506 Court St, Clifton Forge, VA, 24422 earns $396/mo cash flow from $1,350/mo rent with a $781/mo payment. Total monthly income totals $1,350/mo, and annual cash flow totals $4,755/yr on $52,874 capital. ROI tracks 28.9% on current figures, and rental yield reads 10.16% at a $159,500 purchase. Equity gained on principal adds $1,029/yr, and 5% annual appreciation supports $44,067 over five years. Five-year ROI reaches 150.86% and total cumulative return in cash sums $79,765. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,350/mo property income instead of your personal income.
Single Family
Built in 1922
28 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24422, Clifton Forge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,244 (100%) |
| Owner Occupied HU | 1,893 (58.4%) |
| Renter Occupied HU | 742 (22.9%) |
| Vacant Housing Units | 609 (18.8%) |
| Median Home Value | $120,285 |
| Average Home Value | $163,847 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,596
Multi-Family
299
Businesses
182
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Listed by: MONTY BOWMAN • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls ID: #920176