LOT 17 Kentuck RdRinggoldVA24586
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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 Ringgold at LOT 17 Kentuck Rd, Ringgold, VA, 24586 uses $102,732 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $2,134/mo, and a $1,517/mo payment keeps the spread at $281/mo. Purchase price stands at $309,900, and rental yield measures 8.26% with $2,134/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 120.22% and total cumulative return in cash records $123,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,134/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24586, Ringgold, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,364 (100%) |
| Owner Occupied HU | 1,645 (69.6%) |
| Renter Occupied HU | 436 (18.4%) |
| Vacant Housing Units | 283 (12.0%) |
| Median Home Value | $159,621 |
| Average Home Value | $183,345 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
94
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Listed by: Sabrina Tomlin • NEXTHOME TWOFOURFIVE
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #69620
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