51 Ridgewood LnPatrick SpringsVA24133
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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 Patrick Springs at 51 Ridgewood Ln, Patrick Springs, VA, 24133 earns $214/mo cash flow from $871/mo rent with a $538/mo payment. Total monthly income totals $871/mo, and annual cash flow totals $2,567/yr on $36,432 capital. ROI tracks 26.96% on current figures, and rental yield reads 9.51% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 140.33% and total cumulative return in cash sums $51,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $871/mo property income instead of your personal income.
Single Family
Built in 1948
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24133, Patrick Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 763 (67.0%) |
| Renter Occupied HU | 189 (16.6%) |
| Vacant Housing Units | 186 (16.3%) |
| Median Home Value | $149,764 |
| Average Home Value | $204,161 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
1,019
Multi-Family
0
Businesses
53
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Listed by: Cynthia Gammons • Adams Realty,Inc.
Mls Name: MVMLS
Mls ID: #145295