243 Ridgeview RdBlue RidgeVA24064
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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 Blue Ridge at 243 Ridgeview Rd, Blue Ridge, VA, 24064 generates $2,998/mo in rent and, after a $1,779/mo payment, leaves $825/mo in cash flow. Total monthly income is $2,998/mo, and annual cash flow is $9,904/yr on $120,467 invested. Return on cash invested sits at 28.13% in year one, and rental yield is 9.9% on a $363,400 entry. Equity gained on principal adds $2,345/yr, while 5% annual appreciation builds toward $100,401 over five years. Five-year ROI reaches 146.68% and total cumulative return in cash sums $176,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,998/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24064, Blue Ridge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,781 (82.9%) |
| Renter Occupied HU | 196 ( 9.1%) |
| Vacant Housing Units | 172 ( 8.0%) |
| Median Home Value | $274,656 |
| Average Home Value | $323,932 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
2,012
Multi-Family
0
Businesses
85
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