135 Riders DrGate CityVA24251
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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 Gate City at 135 Riders Dr, Gate City, VA, 24251 offers a 7.23% rental yield on a $414,000 purchase with $2,494/mo rent. Total monthly income registers $2,494/mo, and a $2,026/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $234/yr on $137,241 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $2,671/yr while 5% annual appreciation supports $114,381 over five years. Portfolio math shows five-year ROI at 103.49% and total cumulative return in cash at $142,027. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,494/mo property income against a $2,026/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
4.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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