117 Blue Ridge DrBlue 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 117 Blue Ridge Dr, Blue Ridge, VA, 24064 earns $539/mo cash flow from $2,177/mo rent with a $1,341/mo payment. Total monthly income totals $2,177/mo, and annual cash flow totals $6,470/yr on $90,831 capital. ROI tracks 27.03% on current figures, and rental yield reads 9.53% at a $274,000 purchase. Equity gained on principal adds $1,768/yr, and 5% annual appreciation supports $75,701 over five years. Five-year ROI reaches 140.8% and total cumulative return in cash sums $127,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,177/mo property income instead of your personal income.
Single Family
Built in 1959
0.77 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: LYNN PEARSON FURROW • MAC WESTLAND REAL ESTATE GROUP
Mls Name: RVAR
Mls ID: #923127