1240 Clearwater DrBoones MillVA24065
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boones Mill at 1240 Clearwater Dr, Boones Mill, VA, 24065 uses $82,875 cash to close to unlock $10,658/yr annual cash flow and $888/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,224/mo payment keeps the spread at $888/mo. Purchase price stands at $250,000, and rental yield measures 11.44% with $2,383/mo rent. Return on cash invested shows 32.77% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 171.58% and total cumulative return in cash records $142,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24065, Boones Mill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,212 (77.4%) |
| Renter Occupied HU | 422 (14.8%) |
| Vacant Housing Units | 224 ( 7.8%) |
| Median Home Value | $270,660 |
| Average Home Value | $341,247 |
Housing Distribution
Address Breakdown
Residential
2,648
Single Family
2,648
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CHASE BIEGLER • EXP REALTY LLC - BLACKSBURG
Mls Name: RVAR
Mls ID: #921049