1305 W Ridge RdWythevilleVA24382
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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 Wytheville at 1305 W Ridge Rd, Wytheville, VA, 24382 uses $149,142 cash to close to unlock $1,399/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $2,806/mo, and a $2,202/mo payment keeps the spread at $117/mo. Purchase price stands at $449,900, and rental yield measures 7.48% with $2,806/mo rent. Return on cash invested shows 20.85% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 107.6% and total cumulative return in cash records $160,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,806/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
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Listed by: Zachary Stotz • GRAVITY Real Estate Group, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424799
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.