317 Lake Ridge DrBuffalo JunctionVA24529
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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 Buffalo Junction at 317 Lake Ridge Dr, Buffalo Junction, VA, 24529 offers a 5.12% rental yield on a $975,000 purchase with $4,158/mo rent. 73% in year one. Equity gained on principal adds $6,292/yr while 5% annual appreciation supports $269,375 over five years. Portfolio math shows five-year ROI at 69.44% and total cumulative return in cash at $222,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,158/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
1.32 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24529, Buffalo Junction, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 556 (53.0%) |
| Renter Occupied HU | 174 (16.6%) |
| Vacant Housing Units | 319 (30.4%) |
| Median Home Value | $318,421 |
| Average Home Value | $337,711 |
Housing Distribution
Address Breakdown
Residential
828
Single Family
828
Multi-Family
0
Businesses
36
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Listed by: J.C. Eldreth • Pointe Realty Group Kerr Lake
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #70400
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.