87 Indian Ridge RdGreenvilleVA24440
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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 Greenville at 87 Indian Ridge Rd, Greenville, VA, 24440 generates $2,330/mo in rent and, after a $1,517/mo payment, leaves $477/mo in cash flow. Total monthly income is $2,330/mo, and annual cash flow is $5,726/yr on $102,765 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.02% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash sums $136,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,330/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24440, Greenville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,068 (100%) |
| Owner Occupied HU | 841 (78.7%) |
| Renter Occupied HU | 143 (13.4%) |
| Vacant Housing Units | 84 ( 7.9%) |
| Median Home Value | $346,618 |
| Average Home Value | $375,256 |
Housing Distribution
Address Breakdown
Residential
964
Single Family
964
Multi-Family
0
Businesses
32
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Listed by: CHARITY COX • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: CAAR
Mls ID: #668110