1705 Saddle Ridge DrRinerVA24149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Riner at 1705 Saddle Ridge Dr, Riner, VA, 24149 priced at $455,950 converts $2,683/mo rent into after a $2,232/mo obligation. Total monthly income equals $2,683/mo. Return on cash invested prints 19.37% in year one, and rental yield reads 7.06% against a $455,950 entry. Equity gained on principal adds $2,942/yr, while 5% annual appreciation compiles into $125,971 by year five. Five-year ROI reaches 99.77% and total cumulative return in cash sums $150,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,683/mo property income covering a $2,232/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.79 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24149, Riner, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,481 (100%) |
| Owner Occupied HU | 1,170 (79.0%) |
| Renter Occupied HU | 169 (11.4%) |
| Vacant Housing Units | 142 ( 9.6%) |
| Median Home Value | $347,198 |
| Average Home Value | $361,970 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison Ratcliffe • R. Fralin & Assoc., Inc
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #421665
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.