633 Rocksprings RdRinggoldVA24586
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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 Ringgold at 633 Rocksprings Rd, Ringgold, VA, 24586 priced at $259,900 converts $2,496/mo rent into $942/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,496/mo, and annual cash flow totals $11,309/yr on $86,157 invested. Return on cash invested prints 33.04% in year one, and rental yield reads 11.52% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 172.97% and total cumulative return in cash sums $149,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,496/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1978
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24586, Ringgold, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,364 (100%) |
| Owner Occupied HU | 1,645 (69.6%) |
| Renter Occupied HU | 436 (18.4%) |
| Vacant Housing Units | 283 (12.0%) |
| Median Home Value | $159,621 |
| Average Home Value | $183,345 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
94
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Listed by: Rita Smith • WILKINS & CO., REALTORS, INC.
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #69813
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