530 McCormick BlvdClifton 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
Rental property for sale in Clifton Forge at 530 McCormick Blvd, Clifton Forge, VA, 24422 priced at $105,000 converts $817/mo rent into $189/mo cash flow after a $514/mo obligation. Total monthly income equals $817/mo, and annual cash flow totals $2,271/yr on $34,808 invested. Return on cash invested prints 26.43% in year one, and rental yield reads 9.34% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 137.7% and total cumulative return in cash sums $47,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $817/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1922
3,049 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: #921578