91 Canterbury LnRidgewayVA24148
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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 Ridgeway at 91 Canterbury Ln, Ridgeway, VA, 24148 priced at $225,000 converts $1,561/mo rent into $216/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,561/mo, and annual cash flow totals $2,595/yr on $74,588 invested. Return on cash invested prints 23.39% in year one, and rental yield reads 8.33% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 121.27% and total cumulative return in cash sums $90,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,561/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.46 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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