272 Ridgeview LnMadison HeightsVA24572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madison Heights at 272 Ridgeview Ln, Madison Heights, VA, 24572 priced at $299,900 pairs $1,440/mo rent with after a $1,468/mo payment. Total monthly income equals $1,440/mo. Return on cash invested is 15.65% in year one, and rental yield stands at 5.76% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 79.77% and total cumulative return in cash reaches $79,300. For financing, Ziffy Mortgage’s DSCR program evaluates $1,440/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24572, Madison Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,710 (100%) |
| Owner Occupied HU | 5,270 (68.4%) |
| Renter Occupied HU | 1,784 (23.1%) |
| Vacant Housing Units | 656 ( 8.5%) |
| Median Home Value | $213,028 |
| Average Home Value | $237,874 |
Housing Distribution
Address Breakdown
Residential
7,198
Single Family
7,021
Multi-Family
177
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carlton T Wingfield Jr • Wingfield Real Estate, Inc.
Mls Name: LMLS
Mls ID: #363406