335 Ridge RdColonial HeightsVA23834
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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 Colonial Heights at 335 Ridge Rd, Colonial Heights, VA, 23834 priced at $220,000 converts $1,525/mo rent into $210/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,525/mo, and annual cash flow totals $2,516/yr on $72,930 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.32% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 121.08% and total cumulative return in cash sums $88,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,525/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Jennifer McCray • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2522626