107 Summitt Ridge DrBlue RidgeVA24064
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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 Blue Ridge at 107 Summitt Ridge Dr, Blue Ridge, VA, 24064 at $315,000 posts ROI 20.33% with $37/mo cash flow from $1,920/mo rent. Total monthly income equals $1,920/mo, and annual cash flow records $441/yr on $104,423 to close. Return on cash invested measures 20.33% and rental yield reads 7.31% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 104.83% and total cumulative return in cash totals $109,469.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,920/mo property income rather than your personal income records (W2s, Paystubs, 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: Cyndi Sledd • MOUNTAIN VIEW REAL ESTATE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #918684
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