1935 Lick Ridge Rd NECheckVA24072
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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 Check at 1935 Lick Ridge Rd NE, Check, VA, 24072 priced at $144,900 converts $1,108/mo rent into $242/mo cash flow after a $709/mo obligation. Total monthly income equals $1,108/mo, and annual cash flow totals $2,904/yr on $48,034 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.18% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 135.08% and total cumulative return in cash sums $64,885. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,108/mo property income covering a $709/mo payment, not borrower’s personal income.
Manufactured
Built in 2017
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24072, Check, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 599 (100%) |
| Owner Occupied HU | 435 (72.6%) |
| Renter Occupied HU | 87 (14.5%) |
| Vacant Housing Units | 77 (12.9%) |
| Median Home Value | $288,672 |
| Average Home Value | $326,690 |
Housing Distribution
Address Breakdown
Residential
604
Single Family
604
Multi-Family
0
Businesses
11
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