132 Eagle Ridge LnGalaxVA24333
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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
Rental property for sale in Galax at 132 Eagle Ridge Ln, Galax, VA, 24333 priced at $399,900 converts $1,050/mo rent into after a $1,957/mo obligation. Total monthly income equals $1,050/mo. Return on cash invested prints 7.78% in year one, and rental yield reads 3.15% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 37.51% and total cumulative return in cash sums $49,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,050/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2001
5.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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Listed by: Neil Frost • Kyle Realty, Inc.
Mls Name: SWVAR
Mls Provider:
Mls ID: #99392
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.