604 Prospect WalkClifton 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 604 Prospect Walk, Clifton Forge, VA, 24422 offers a 9.51% rental yield on a $159,000 purchase with $1,260/mo rent. Total monthly income registers $1,260/mo, and a $778/mo payment leaves $310/mo available for distribution. Annual cash flow reaches $3,717/yr on $52,709 to close, and return on cash invested stands at 26.96% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 140.4% and total cumulative return in cash at $74,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,260/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
N/A 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: Sherri L Holland • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #919149
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