515 River Ridge DrMiddletownVA22645
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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 Middletown at 515 River Ridge Dr, Middletown, VA, 22645 offers a 4.68% rental yield on a $799,000 purchase with $3,115/mo rent. 48% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 62.67% and total cumulative return in cash at $164,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,115/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22645, Middletown, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,113 (100%) |
| Owner Occupied HU | 1,604 (75.9%) |
| Renter Occupied HU | 375 (17.7%) |
| Vacant Housing Units | 134 ( 6.3%) |
| Median Home Value | $450,113 |
| Average Home Value | $543,586 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,835
Multi-Family
54
Businesses
103
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Listed by: Teresa Strohmeyer • ERA Oakcrest Realty, Inc.
Mls Name: Bright MLS
Mls ID: #VAWR2012858