970 Ridgeway DrChristiansburgVA24073
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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 Christiansburg at 970 Ridgeway Dr, Christiansburg, VA, 24073 uses $79,543 cash to close to unlock $289/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $1,174/mo payment keeps the spread at $24/mo. Purchase price stands at $239,950, and rental yield measures 7.29% with $1,458/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $66,294 over five years. Five-year ROI reaches 104.58% and total cumulative return in cash records $83,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24073, Christiansburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,516 (100%) |
| Owner Occupied HU | 9,252 (63.7%) |
| Renter Occupied HU | 4,204 (29.0%) |
| Vacant Housing Units | 1,060 ( 7.3%) |
| Median Home Value | $300,748 |
| Average Home Value | $358,585 |
Housing Distribution
Address Breakdown
Residential
14,141
Single Family
13,933
Multi-Family
208
Businesses
990
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Listed by: ADAM STEPHENSON • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #920986