51 Patrick CtMadison HeightsVA24572
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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 Madison Heights at 51 Patrick Ct, Madison Heights, VA, 24572 offers a 8.3% rental yield on a $339,000 purchase with $2,346/mo rent. Total monthly income registers $2,346/mo, and a $1,659/mo payment leaves $320/mo available for distribution. Annual cash flow reaches $3,837/yr on $112,379 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 120.87% and total cumulative return in cash at $135,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,346/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.27 Acres 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
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Listed by: Trevor Reed Gillispie • Elite Realty
Mls Name: LMLS
Mls ID: #361123