300 Ridgley LnFincastleVA24090
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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 Fincastle at 300 Ridgley Ln, Fincastle, VA, 24090 priced at $399,950 converts $2,713/mo rent into $322/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,713/mo, and annual cash flow totals $3,861/yr on $132,583 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 8.14% against a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,499 by year five. Five-year ROI reaches 118.18% and total cumulative return in cash sums $156,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,713/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24090, Fincastle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,723 (76.9%) |
| Renter Occupied HU | 299 (13.3%) |
| Vacant Housing Units | 220 ( 9.8%) |
| Median Home Value | $375,836 |
| Average Home Value | $433,817 |
Housing Distribution
Address Breakdown
Residential
1,835
Single Family
1,835
Multi-Family
0
Businesses
140
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