199 River Ridge LnAxtonVA24054
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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 Axton at 199 River Ridge Ln, Axton, VA, 24054 with 5% annual appreciation on a $265,000 basis while $1,690/mo rent supports operations. Total monthly income totals $1,690/mo and a $1,297/mo payment preserves $106/mo for cash returns. Annual cash flow comes to $1,271/yr on $87,848 deployed, and return on cash invested reaches 21.36% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 7.65%. Five-year ROI measures 110.31% and total cumulative return in cash totals $96,903.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,690/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2000
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24054, Axton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,001 (100%) |
| Owner Occupied HU | 2,057 (68.5%) |
| Renter Occupied HU | 540 (18.0%) |
| Vacant Housing Units | 404 (13.5%) |
| Median Home Value | $157,021 |
| Average Home Value | $175,602 |
Housing Distribution
Address Breakdown
Residential
2,668
Single Family
2,668
Multi-Family
0
Businesses
95
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Listed by: Charnese Valentine • EXP Realty LLC
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74554
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.