8241 River Course DrRadfordVA24141
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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 8241 River Course Dr, Radford, VA, 24141 generates $7,430/mo in rent and, after a $4,272/mo payment, leaves $1,762/mo in cash flow. Total monthly income is $7,430/mo, and annual cash flow is $21,150/yr on $287,151 invested. Return on cash invested sits at 27.43% in year one, and rental yield is 10.22% on a $872,800 entry. Equity gained on principal adds $5,632/yr, while 5% annual appreciation builds toward $241,139 over five years. Five-year ROI reaches 143.52% and total cumulative return in cash sums $412,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,430/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
$450 monthly 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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