129 Lucas DrBlacksburgVA24060
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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 Blacksburg at 129 Lucas Dr, Blacksburg, VA, 24060 listed at $282,500 pairs $2,201/mo rent with a $1,383/mo payment to leave $512/mo cash flow. Total monthly income runs $2,201/mo, and annual cash flow reaches $6,144/yr on $93,649 cash to close. Return on cash invested measures 26.47% in year one, and rental yield registers 9.35% at a $282,500 basis. Equity gained on principal adds $1,823/yr, and annual property appreciation at 5% supports $78,050 by year five. Five-year ROI tracks 137.74% and total cumulative return in cash totals $128,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,201/mo property income relative to a $1,383/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1980
1,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24060, Blacksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,424 (100%) |
| Owner Occupied HU | 8,250 (36.8%) |
| Renter Occupied HU | 12,496 (55.7%) |
| Vacant Housing Units | 1,678 ( 7.5%) |
| Median Home Value | $518,808 |
| Average Home Value | $533,291 |
Housing Distribution
Address Breakdown
Residential
22,500
Single Family
18,346
Multi-Family
4,154
Businesses
1,152
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Listed by: Natalie Chalmers • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls ID: #424948