898 Mica RdRidgewayVA24148
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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 898 Mica Rd, Ridgeway, VA, 24148 uses $84,831 cash to close to unlock $3,225/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $1,253/mo payment keeps the spread at $269/mo. Purchase price stands at $255,900, and rental yield measures 8.44% with $1,799/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $70,700 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash records $104,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $1,253/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1.11 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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