1365 Ridge AveRural RetreatVA24368
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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 Rural Retreat at 1365 Ridge Ave, Rural Retreat, VA, 24368 uses $53,869 cash to close to unlock $7,632/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $795/mo payment keeps the spread at $636/mo. Purchase price stands at $162,500, and rental yield measures 11.87% with $1,607/mo rent. Return on cash invested shows 34.08% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 178.51% and total cumulative return in cash records $96,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24368, Rural Retreat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,379 (100%) |
| Owner Occupied HU | 1,653 (69.5%) |
| Renter Occupied HU | 379 (15.9%) |
| Vacant Housing Units | 347 (14.6%) |
| Median Home Value | $169,596 |
| Average Home Value | $220,800 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
102
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Listed by: Sherry Long • KW Wytheville
Mls Name: SWVAR
Mls Provider:
Mls ID: #98193
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.