581 Old Wright Shop RdMadison 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
Rental property for sale in Madison Heights at 581 Old Wright Shop Rd, Madison Heights, VA, 24572 offers $1,282/mo rent that, after a $871/mo payment, leaves $218/mo cash flow. Total monthly income is $1,282/mo, and annual cash flow is $2,618/yr on $59,007 cash. Return on cash invested measures 24.35% in year one, and rental yield stands at 8.64% at a $178,000 entry. Equity gained on principal adds $1,149/yr while 5% annual appreciation compounds into $49,178 by year five. Five-year ROI records 126.41% and total cumulative return in cash reaches $74,593. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,282/mo property income versus a $871/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
10,105 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
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Listed by: Tim Bushnell • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #359189
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.