7307 Old Franklin TpkeGlade HillVA24092
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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 Glade Hill at 7307 Old Franklin Tpke, Glade Hill, VA, 24092 uses $84,201 cash to close to unlock $8,062/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,190/mo, and a $1,243/mo payment keeps the spread at $672/mo. Purchase price stands at $254,000, and rental yield measures 10.35% with $2,190/mo rent. Return on cash invested shows 29.48% in year one, and 5% annual appreciation builds toward $70,176 over five years. Five-year ROI reaches 153.91% and total cumulative return in cash records $129,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,190/mo property income covering a $1,243/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24092, Glade Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,623 (100%) |
| Owner Occupied HU | 1,097 (67.6%) |
| Renter Occupied HU | 304 (18.7%) |
| Vacant Housing Units | 222 (13.7%) |
| Median Home Value | $255,044 |
| Average Home Value | $381,563 |
Housing Distribution
Address Breakdown
Residential
1,303
Single Family
1,303
Multi-Family
0
Businesses
53
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Listed by: THOMAS BOETTNER • WAINWRIGHT & CO., REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #917401
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