138 Carriage CtRidgewayVA24148
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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 Ridgeway at 138 Carriage Ct, Ridgeway, VA, 24148 offers $1,927/mo rent that, after a $1,273/mo payment, leaves $372/mo cash flow. Total monthly income is $1,927/mo, and annual cash flow is $4,468/yr on $86,190 cash. Return on cash invested measures 25.09% in year one, and rental yield stands at 8.89% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 130.38% and total cumulative return in cash reaches $112,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,927/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24148, Ridgeway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,679 (100%) |
| Owner Occupied HU | 2,616 (71.1%) |
| Renter Occupied HU | 646 (17.6%) |
| Vacant Housing Units | 417 (11.3%) |
| Median Home Value | $162,326 |
| Average Home Value | $183,407 |
Housing Distribution
Address Breakdown
Residential
3,470
Single Family
3,390
Multi-Family
80
Businesses
191
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