6430 Hoot Owl Hollow RdNortonVA24273
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Nearby investment properties with comparable prices
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 Norton at 6430 Hoot Owl Hollow Rd, Norton, VA, 24273 priced at $199,000 pairs $1,541/mo rent with $351/mo cash flow after a $974/mo payment. Total monthly income equals $1,541/mo, and annual cash flow comes to $4,217/yr on $65,969 invested. Return on cash invested is 26.3% in year one, and rental yield stands at 9.29% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 136.89% and total cumulative return in cash reaches $90,306. For financing, Ziffy Mortgage’s DSCR program evaluates $1,541/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
1.30 Acres 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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