1029 Oak Ridge RdCanaVA24317
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 Cana at 1029 Oak Ridge Rd, Cana, VA, 24317 offers a 7.67% rental yield on a $249,900 purchase with $1,598/mo rent. Total monthly income registers $1,598/mo, and a $1,223/mo payment leaves $104/mo available for distribution. Annual cash flow reaches $1,251/yr on $82,842 to close, and return on cash invested stands at 21.42% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 110.72% and total cumulative return in cash at $91,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,598/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24317, Cana, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,988 (100%) |
| Owner Occupied HU | 1,277 (64.2%) |
| Renter Occupied HU | 338 (17.0%) |
| Vacant Housing Units | 373 (18.8%) |
| Median Home Value | $142,663 |
| Average Home Value | $201,498 |
Housing Distribution
Address Breakdown
Residential
1,701
Single Family
1,701
Multi-Family
0
Businesses
94
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices