6004 Powell River RdNortonVA24273
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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 Norton at 6004 Powell River Rd, Norton, VA, 24273 earns $213/mo cash flow from $984/mo rent with a $631/mo payment. Total monthly income totals $984/mo, and annual cash flow totals $2,559/yr on $42,764 capital. ROI tracks 25.89% on current figures, and rental yield reads 9.15% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 134.72% and total cumulative return in cash sums $57,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $984/mo property income instead of your personal income.
Manufactured
Built in 2014
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24273, Norton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,485 (51.5%) |
| Renter Occupied HU | 920 (31.9%) |
| Vacant Housing Units | 480 (16.6%) |
| Median Home Value | $113,727 |
| Average Home Value | $159,239 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,288
Multi-Family
175
Businesses
388
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