1710 Saddleridge DrRinerVA24149
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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 Riner at 1710 Saddleridge Dr, Riner, VA, 24149 uses $180,950 cash to close to unlock $5,918/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $3,806/mo, and a $2,692/mo payment keeps the spread at $493/mo. Purchase price stands at $550,000, and rental yield measures 8.3% with $3,806/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 120.95% and total cumulative return in cash records $218,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,806/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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
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Listed by: Leslie Roberson • Welcome Home Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424766
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.