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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Blue Ridge at 178 Mountain Pass Rd, Blue Ridge, VA, 24064 priced at $275,000 converts $2,150/mo rent into $506/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,150/mo, and annual cash flow totals $6,073/yr on $91,163 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 9.38% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 138.33% and total cumulative return in cash sums $126,107. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,150/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24064, Blue Ridge, VA area.
| 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 |
Residential
2,012
Single Family
2,012
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $275,000 |
| 2019-05-06 | Listing removed | $995 |
| 2019-04-25 | Listed for rent | $995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $1748.60 | 40.62% | $249,800 | 58.70% |
| 2023-04-09 | $1243.46 | N/A | $157,400 | N/A |
| 2022-04-09 | $1243.46 | -99.21% | $157,400 | N/A |
Listed by: Raymon Lynn Hall • EDWIN C HALL ASSOCIATES INC
Mls Name: RVAR
Mls Provider:
Mls ID: #916011
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