341 George Martin DrRidgewayVA24148
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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 Ridgeway at 341 George Martin Dr, Ridgeway, VA, 24148 with 5% annual appreciation on a $144,900 basis while $900/mo rent supports operations. Total monthly income totals $900/mo and a $709/mo payment preserves $34/mo for cash returns. Annual cash flow comes to $408/yr on $48,034 deployed, and return on cash invested reaches 20.76% in year one. Equity gained on principal adds $935/yr, and five-year appreciation sums $40,033 alongside rental yield of 7.45%. Five-year ROI measures 107.22% and total cumulative return in cash totals $51,505.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $900/mo property income versus a $709/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24148, Ridgeway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,679 (100%) |
| Owner Occupied HU | 2,616 (71.1%) |
| Renter Occupied HU | 646 (17.6%) |
| Vacant Housing Units | 417 (11.3%) |
| Median Home Value | $162,326 |
| Average Home Value | $183,407 |
Housing Distribution
Address Breakdown
Residential
3,470
Single Family
3,390
Multi-Family
80
Businesses
191
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