505 Ridge RdTroutvilleVA24175
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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 Troutville at 505 Ridge Rd, Troutville, VA, 24175 uses $95,704 cash to close to unlock $7,419/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $2,344/mo, and a $1,413/mo payment keeps the spread at $618/mo. Purchase price stands at $288,700, and rental yield measures 9.74% with $2,344/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $79,762 over five years. Five-year ROI reaches 144.17% and total cumulative return in cash records $137,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,344/mo property income covering a $1,413/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24175, Troutville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,623 (79.9%) |
| Renter Occupied HU | 448 (13.6%) |
| Vacant Housing Units | 212 ( 6.5%) |
| Median Home Value | $343,356 |
| Average Home Value | $412,316 |
Housing Distribution
Address Breakdown
Residential
3,393
Single Family
3,393
Multi-Family
0
Businesses
158
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Listed by: KEVIN WESTLAKE • KEYSTONE REALTY OF ROANOKE LLC
Mls Name: RVAR
Mls ID: #922667