6664 Briarfield AveRadfordVA24141
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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 Radford at 6664 Briarfield Ave, Radford, VA, 24141 uses $62,952 cash to close to unlock $2,319/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $1,328/mo, and a $929/mo payment keeps the spread at $193/mo. Purchase price stands at $189,900, and rental yield measures 8.39% with $1,328/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 122.37% and total cumulative return in cash records $77,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,328/mo property income covering a $929/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24141, Radford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,304 (100%) |
| Owner Occupied HU | 5,017 (48.7%) |
| Renter Occupied HU | 3,996 (38.8%) |
| Vacant Housing Units | 1,291 (12.5%) |
| Median Home Value | $296,164 |
| Average Home Value | $324,065 |
Housing Distribution
Address Breakdown
Residential
9,834
Single Family
8,848
Multi-Family
986
Businesses
587
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