18 Ivory Creek LnBlue 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 18 Ivory Creek Ln, Blue Ridge, VA, 24064 with 5% annual appreciation on a $219,990 basis while $1,967/mo rent supports operations. Total monthly income totals $1,967/mo and a $1,077/mo payment preserves $652/mo for cash returns. Annual cash flow comes to $7,820/yr on $72,927 deployed, and return on cash invested reaches 30.63% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,779 alongside rental yield of 10.73%. Five-year ROI measures 160.08% and total cumulative return in cash totals $116,744.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,967/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
9,583 sqft 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: SUSAN JONES • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls ID: #920521