1993 Kyles WayBlacksburgVA24060
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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
Rental property for sale in Blacksburg at 1993 Kyles Way, Blacksburg, VA, 24060 offers $2,834/mo rent that, after a $2,167/mo payment, leaves $47/mo cash flow. Total monthly income is $2,834/mo, and annual cash flow is $567/yr on $146,796 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 7.68% at a $442,824 entry. Equity gained on principal adds $2,857/yr while 5% annual appreciation compounds into $122,344 by year five. Five-year ROI records 105.07% and total cumulative return in cash reaches $154,233. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,834/mo property income versus a $2,167/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
3,963 sqft 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: #420571
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.