60 Tara DrRidgewayVA24148
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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
Rental property for sale in Ridgeway at 60 Tara Dr, Ridgeway, VA, 24148 priced at $1,300,000 converts $3,558/mo rent into after a $6,363/mo obligation. Total monthly income equals $3,558/mo. Return on cash invested prints 8.37% in year one, and rental yield reads 3.28% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 40.56% and total cumulative return in cash sums $170,847. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,558/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Single Family
Built in 2011
5.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24148, Ridgeway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,679 (100%) |
| Owner Occupied HU | 2,616 (71.1%) |
| Renter Occupied HU | 646 (17.6%) |
| Vacant Housing Units | 417 (11.3%) |
| Median Home Value | $162,326 |
| Average Home Value | $183,407 |
Housing Distribution
Address Breakdown
Residential
3,470
Single Family
3,390
Multi-Family
80
Businesses
191
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