2177 Ridge RdVernon HillVA24597
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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 Vernon Hill at 2177 Ridge Rd, Vernon Hill, VA, 24597 uses $41,438 cash to close to unlock $2,707/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $973/mo, and a $612/mo payment keeps the spread at $226/mo. Purchase price stands at $125,000, and rental yield measures 9.34% with $973/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.66% and total cumulative return in cash records $57,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $973/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24597, Vernon Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 591 (100%) |
| Owner Occupied HU | 367 (62.1%) |
| Renter Occupied HU | 84 (14.2%) |
| Vacant Housing Units | 140 (23.7%) |
| Median Home Value | $237,766 |
| Average Home Value | $267,732 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
544
Multi-Family
0
Businesses
11
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Listed by: Samuel Watts • J.W. Shelton Auction & Realty
Mls Name: Dan River Region AOR
Mls ID: #74379