107 Summit Ridge DrBlue RidgeVA24064
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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 Blue Ridge at 107 Summit Ridge Dr, Blue Ridge, VA, 24064 offers a 10.01% rental yield on a $229,995 purchase with $1,918/mo rent. Total monthly income registers $1,918/mo, and a $1,126/mo payment leaves $543/mo available for distribution. Annual cash flow reaches $6,514/yr on $76,243 to close, and return on cash invested stands at 28.45% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,543 over five years. Portfolio math shows five-year ROI at 148.39% and total cumulative return in cash at $113,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,918/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24064, Blue Ridge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,781 (82.9%) |
| Renter Occupied HU | 196 ( 9.1%) |
| Vacant Housing Units | 172 ( 8.0%) |
| Median Home Value | $274,656 |
| Average Home Value | $323,932 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
2,012
Multi-Family
0
Businesses
85
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Listed by: ADAM STEPHENSON • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #920909