101 Luther StRidgewayVA24148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridgeway at 101 Luther St, Ridgeway, VA, 24148 uses $53,040 cash to close to unlock $6,440/yr annual cash flow and $537/mo monthly cash flow. Total monthly income runs $1,493/mo, and a $783/mo payment keeps the spread at $537/mo. Purchase price stands at $159,999, and rental yield measures 11.2% with $1,493/mo rent. Return on cash invested shows 32.05% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 167.67% and total cumulative return in cash records $88,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,493/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24148, Ridgeway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,679 (100%) |
| Owner Occupied HU | 2,616 (71.1%) |
| Renter Occupied HU | 646 (17.6%) |
| Vacant Housing Units | 417 (11.3%) |
| Median Home Value | $162,326 |
| Average Home Value | $183,407 |
Housing Distribution
Address Breakdown
Residential
3,470
Single Family
3,390
Multi-Family
80
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices