1175 3rd St, Blue Ridge, VA, 24064 | 6.6% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Blue Ridge at 1175 3rd St, Blue Ridge, VA, 24064 earns from $2,034/mo rent with a $1,810/mo payment. Total monthly income totals $2,034/mo. ROI tracks 18.18% on current figures, and rental yield reads 6.6% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 93.31% and total cumulative return in cash sums $114,418. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.

Single Family

Built in 1965

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