1075 New Village Dr NWChristiansburgVA24073
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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 1075 New Village Dr NW, Christiansburg, VA, 24073 uses $140,888 cash to close to unlock $7,657/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $3,191/mo, and a $2,080/mo payment keeps the spread at $638/mo. Purchase price stands at $425,000, and rental yield measures 9.01% with $3,191/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 131.78% and total cumulative return in cash records $185,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,191/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2008
8,755 sqft lot
$N/A/sqft
$150 annually 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: Amy Hudson • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424893
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.