64 Lake TerRidgewayVA24148
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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 Ridgeway at 64 Lake Ter, Ridgeway, VA, 24148 at $189,900 posts ROI 25.42% with $289/mo cash flow from $1,424/mo rent. Total monthly income equals $1,424/mo, and annual cash flow records $3,471/yr on $62,952 to close. Return on cash invested measures 25.42% and rental yield reads 9% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 132.19% and total cumulative return in cash totals $83,213.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,424/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.51 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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