400 Olean RdRipplemeadVA24150
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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 Ripplemead at 400 Olean Rd, Ripplemead, VA, 24150 uses $91,163 cash to close to unlock $241/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,664/mo, and a $1,346/mo payment keeps the spread at $20/mo. Purchase price stands at $275,000, and rental yield measures 7.26% with $1,664/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 104.03% and total cumulative return in cash records $94,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,664/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
10.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24150, Ripplemead, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 358 (100%) |
| Owner Occupied HU | 209 (58.4%) |
| Renter Occupied HU | 54 (15.1%) |
| Vacant Housing Units | 95 (26.5%) |
| Median Home Value | $174,167 |
| Average Home Value | $287,823 |
Housing Distribution
Address Breakdown
Residential
284
Single Family
284
Multi-Family
0
Businesses
7
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Listed by: Tonja Smith Doyle • Roots Realty Group
Mls Name: New River Valley AOR
Mls ID: #424702