1641 Airport RdRinggoldVA24586
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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 Ringgold at 1641 Airport Rd, Ringgold, VA, 24586 generates $1,268/mo in rent and, after a $978/mo payment, leaves $73/mo in cash flow. Total monthly income is $1,268/mo, and annual cash flow is $881/yr on $66,267 invested. Return on cash invested sits at 21.24% in year one, and rental yield is 7.61% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 109.72% and total cumulative return in cash sums $72,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,268/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24586, Ringgold, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,364 (100%) |
| Owner Occupied HU | 1,645 (69.6%) |
| Renter Occupied HU | 436 (18.4%) |
| Vacant Housing Units | 283 (12.0%) |
| Median Home Value | $159,621 |
| Average Home Value | $183,345 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
94
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