405 Cedar DrRipplemeadVA24150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 405 Cedar Dr, Ripplemead, VA, 24150 at $179,500 posts ROI 27.14% with $359/mo cash flow from $1,432/mo rent. Total monthly income equals $1,432/mo, and annual cash flow records $4,302/yr on $59,504 to close. Return on cash invested measures 27.14% and rental yield reads 9.57% at the current $179,500. Equity gained on principal adds $1,158/yr, and 5% annual appreciation supports $49,593 by year five. Five-year ROI prints 141.37% and total cumulative return in cash totals $84,124.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,432/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Journell • GRAVITY Real Estate Group, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423909
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.