5060 Ridgeway RdVernon HillVA24597
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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 Vernon Hill at 5060 Ridgeway Rd, Vernon Hill, VA, 24597 offers a 9.37% rental yield on a $189,900 purchase with $1,483/mo rent. Total monthly income registers $1,483/mo, and a $929/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,179/yr on $62,952 to close, and return on cash invested stands at 26.55% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 138.23% and total cumulative return in cash at $87,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,483/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24597, Vernon Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 591 (100%) |
| Owner Occupied HU | 367 (62.1%) |
| Renter Occupied HU | 84 (14.2%) |
| Vacant Housing Units | 140 (23.7%) |
| Median Home Value | $237,766 |
| Average Home Value | $267,732 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
544
Multi-Family
0
Businesses
11
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Listed by: Callie Reyes • Mark A. Dalton & Co., Inc.
Mls Name: LMLS
Mls ID: #363044