485 Three RidgesWintergreen ResortVA22967
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
Rental property for sale in Wintergreen Resort at 485 Three Ridges, Wintergreen Resort, VA, 22967 priced at $259,000 converts $2,334/mo rent into $785/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,334/mo, and annual cash flow totals $9,425/yr on $85,859 invested. Return on cash invested prints 30.89% in year one, and rental yield reads 10.81% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 161.46% and total cumulative return in cash sums $138,628. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,334/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Condo
Built in 1980
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22967, Roseland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,375 (100%) |
| Owner Occupied HU | 853 (25.3%) |
| Renter Occupied HU | 199 ( 5.9%) |
| Vacant Housing Units | 2,323 (68.8%) |
| Median Home Value | $425,000 |
| Average Home Value | $502,459 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARLO ALLEN • MOUNTAIN AREA NEST REALTY
Mls Name: CAAR
Mls ID: #672153