1000 Progress St NW APT EBlacksburgVA24060
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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 Blacksburg at 1000 Progress St NW APT E, Blacksburg, VA, 24060 generates $1,290/mo in rent and, after a $1,028/mo payment, leaves $35/mo in cash flow. Total monthly income is $1,290/mo, and annual cash flow is $414/yr on $69,615 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 7.37% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 105.78% and total cumulative return in cash sums $73,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,290/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24060, Blacksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,424 (100%) |
| Owner Occupied HU | 8,250 (36.8%) |
| Renter Occupied HU | 12,496 (55.7%) |
| Vacant Housing Units | 1,678 ( 7.5%) |
| Median Home Value | $518,808 |
| Average Home Value | $533,291 |
Housing Distribution
Address Breakdown
Residential
22,500
Single Family
18,346
Multi-Family
4,154
Businesses
1,152
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Listed by: Joe Racek • MR Real Estate
Mls Name: New River Valley AOR
Mls ID: #425165