1440 Seneca Dr #JBlacksburgVA24060
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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 1440 Seneca Dr #J, Blacksburg, VA, 24060 offers a 10.93% rental yield on a $286,499 purchase with $2,609/mo rent. Total monthly income registers $2,609/mo, and a $1,402/mo payment leaves $897/mo available for distribution. Annual cash flow reaches $10,760/yr on $94,974 to close, and return on cash invested stands at 31.24% in year one. Equity gained on principal adds $1,849/yr while 5% annual appreciation supports $79,154 over five years. Portfolio math shows five-year ROI at 163.33% and total cumulative return in cash at $155,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,609/mo property income against a $1,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A 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: Tim Hudson • Nest Realty SWVA
Mls Name: New River Valley AOR
Mls ID: #425690