1224 Blue Ridge Springs 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 1224 Blue Ridge Springs Rd, Blue Ridge, VA, 24064 earns $1,457/mo cash flow from $2,765/mo rent with a $1,071/mo payment. Total monthly income totals $2,765/mo, and annual cash flow totals $17,484/yr on $72,532 capital. ROI tracks 44.01% on current figures, and rental yield reads 15.16% at a $218,800 purchase. Equity gained on principal adds $1,412/yr, and 5% annual appreciation supports $60,450 over five years. Five-year ROI reaches 231.83% and total cumulative return in cash sums $168,150. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,765/mo property income instead of your personal income.
Single Family
Built in 1976
0.50 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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