1885 Colby AveBlacksburgVA24060
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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 1885 Colby Ave, Blacksburg, VA, 24060 at $494,442 posts ROI 9.54% with from $1,680/mo rent. Total monthly income equals $1,680/mo. Return on cash invested measures 9.54% and rental yield reads 4.08% at the current $494,442. Equity gained on principal adds $3,191/yr, and 5% annual appreciation supports $136,605 by year five. Five-year ROI prints 47.38% and total cumulative return in cash totals $77,655. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,680/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2025
0.28 Acres lot
$N/A/sqft
$1,680 annually 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: Karen Turner • Nest Realty SWVA
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423698
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.