412 W Ridgeway St, Clifton forge, VA, 24422 | $860/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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412 W Ridgeway St, Clifton forge, VA, 24422 | $860/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Clifton forge at 412 W Ridgeway St, Clifton forge, VA, 24422 priced at $127,500 pairs $1,622/mo rent with $860/mo cash flow after a $624/mo payment. Total monthly income equals $1,622/mo, and annual cash flow comes to $10,318/yr on $42,266 invested. Return on cash invested is 44.32% in year one, and rental yield stands at 15.27% on a $127,500 basis. Equity gained on principal adds $823/yr, and 5% annual appreciation accumulates to $35,226 by year five. Five-year ROI measures 233.49% and total cumulative return in cash reaches $98,686. For financing, Ziffy Mortgage’s DSCR program evaluates $1,622/mo property income against a $624/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1925

7,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Lady Blue Belle - This charming Victorian-era two-story offers 3 bedrooms, 1.5 baths, and plenty of character. Enjoy the view from the covered front porch as you watch the world go by in this small-town setting. Features include gas heat, a rear deck for outdoor relaxing, and a new roof. Some rooms have updated laminate flooring, some have mantles and there's off-street parking for 2-3 vehicles.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24422, Clifton Forge, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,244 (100%)
Owner Occupied HU	1,893 (58.4%)
Renter Occupied HU	742 (22.9%)
Vacant Housing Units	609 (18.8%)
Median Home Value	$120,285
Average Home Value	$163,847