1050 Tower RdBlue RidgeVA24064
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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 Blue Ridge at 1050 Tower Rd, Blue Ridge, VA, 24064 offers a 20.95% rental yield on a $140,000 purchase with $2,444/mo rent. Total monthly income registers $2,444/mo, and a $685/mo payment leaves $1,607/mo available for distribution. Annual cash flow reaches $19,288/yr on $46,410 to close, and return on cash invested stands at 61.47% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 325.53% and total cumulative return in cash at $151,078. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,444/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24064, Blue Ridge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,781 (82.9%) |
| Renter Occupied HU | 196 ( 9.1%) |
| Vacant Housing Units | 172 ( 8.0%) |
| Median Home Value | $274,656 |
| Average Home Value | $323,932 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
2,012
Multi-Family
0
Businesses
85
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Listed by: Michael B LeVan • BHHS Dawson Ford Garbee
Mls Name: LMLS
Mls Provider:
Mls ID: #360602
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.