1248 Lithia Springs RdChristiansburgVA24073
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 Christiansburg at 1248 Lithia Springs Rd, Christiansburg, VA, 24073 offers a 9.49% rental yield on a $115,000 purchase with $909/mo rent. Total monthly income registers $909/mo, and a $563/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,657/yr on $38,123 to close, and return on cash invested stands at 26.88% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 140.04% and total cumulative return in cash at $53,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $909/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
1.93 Acres lot
$N/A/sqft
No 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: MATTHEW ALAN GALLIMORE • U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Mls Name: RVAR
Mls ID: #920138