7422 Nicewander WayRadfordVA24141
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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
Rental property for sale in Radford at 7422 Nicewander Way, Radford, VA, 24141 priced at $285,000 pairs $2,016/mo rent with $312/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,016/mo, and annual cash flow comes to $3,747/yr on $94,478 invested. Return on cash invested is 23.88% in year one, and rental yield stands at 8.49% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 123.87% and total cumulative return in cash reaches $117,030. For financing, Ziffy Mortgage’s DSCR program evaluates $2,016/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.46 Acres 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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Listed by: Daniel Bennett • eXp Realty - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423963
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.