391 Cardinal Ridge DrRocky MountVA24151
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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 Rocky Mount at 391 Cardinal Ridge Dr, Rocky Mount, VA, 24151 priced at $419,000 converts $2,206/mo rent into after a $2,051/mo obligation. Total monthly income equals $2,206/mo. Return on cash invested prints 17.33% in year one, and rental yield reads 6.32% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 88.74% and total cumulative return in cash sums $123,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Single Family
Built in 1977
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: Kendra Porter • Virginia Realty Group
Mls Name: LMLS
Mls Provider:
Mls ID: #358716
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.