1514 Healing 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 1514 Healing Springs Rd, Blue Ridge, VA, 24064 listed at $129,950 pairs $985/mo rent with a $636/mo payment to leave $208/mo cash flow. Total monthly income runs $985/mo, and annual cash flow reaches $2,499/yr on $43,078 cash to close. Return on cash invested measures 25.71% in year one, and rental yield registers 9.1% at a $129,950 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,903 by year five. Five-year ROI tracks 133.74% and total cumulative return in cash totals $57,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $985/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
2.50 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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Listed by: AUSTIN BOUSMAN • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #919483