1915 Buffalo Ridge RdFerrumVA24088
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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 Ferrum at 1915 Buffalo Ridge Rd, Ferrum, VA, 24088 with 5% annual appreciation on a $165,600 basis while $1,357/mo rent supports operations. Total monthly income totals $1,357/mo and a $811/mo payment preserves $367/mo for cash returns. Annual cash flow comes to $4,399/yr on $54,896 deployed, and return on cash invested reaches 27.92% in year one. Equity gained on principal adds $1,069/yr, and five-year appreciation sums $45,752 alongside rental yield of 9.83%. Five-year ROI measures 145.58% and total cumulative return in cash totals $79,916.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,357/mo property income versus a $811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
18.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24088, Ferrum, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,386 (68.5%) |
| Renter Occupied HU | 308 (15.2%) |
| Vacant Housing Units | 329 (16.3%) |
| Median Home Value | $204,149 |
| Average Home Value | $265,548 |
Housing Distribution
Address Breakdown
Residential
1,735
Single Family
1,735
Multi-Family
0
Businesses
62
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