6286 Chestnut Ridge RdRinerVA24149
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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 Riner at 6286 Chestnut Ridge Rd, Riner, VA, 24149 offers a 8.75% rental yield on a $299,000 purchase with $2,180/mo rent. Total monthly income registers $2,180/mo, and a $1,463/mo payment leaves $393/mo available for distribution. Annual cash flow reaches $4,717/yr on $99,119 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 128.12% and total cumulative return in cash at $126,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,180/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
8.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24149, Riner, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,481 (100%) |
| Owner Occupied HU | 1,170 (79.0%) |
| Renter Occupied HU | 169 (11.4%) |
| Vacant Housing Units | 142 ( 9.6%) |
| Median Home Value | $347,198 |
| Average Home Value | $361,970 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
77
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