8309 Maddison LnNortonVA24293
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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 Norton at 8309 Maddison Ln, Norton, VA, 24293 uses $49,692 cash to close to unlock $3,331/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $1,174/mo, and a $734/mo payment keeps the spread at $278/mo. Purchase price stands at $149,900, and rental yield measures 9.4% with $1,174/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 138.56% and total cumulative return in cash records $68,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,174/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1905
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24293, Wise, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,926 (63.6%) |
| Renter Occupied HU | 1,056 (23.0%) |
| Vacant Housing Units | 617 (13.4%) |
| Median Home Value | $147,257 |
| Average Home Value | $186,067 |
Housing Distribution
Address Breakdown
Residential
2,798
Single Family
2,726
Multi-Family
72
Businesses
313
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