204 Black Bear LnBoones MillVA24065
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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 Boones Mill at 204 Black Bear Ln, Boones Mill, VA, 24065 listed at $297,000 pairs $2,164/mo rent with a $1,454/mo payment to leave $388/mo cash flow. Total monthly income runs $2,164/mo, and annual cash flow reaches $4,659/yr on $98,456 cash to close. Return on cash invested measures 24.64% in year one, and rental yield registers 8.74% at a $297,000 basis. Equity gained on principal adds $1,916/yr, and annual property appreciation at 5% supports $82,056 by year five. Five-year ROI tracks 127.97% and total cumulative return in cash totals $125,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,164/mo property income relative to a $1,454/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24065, Boones Mill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,212 (77.4%) |
| Renter Occupied HU | 422 (14.8%) |
| Vacant Housing Units | 224 ( 7.8%) |
| Median Home Value | $270,660 |
| Average Home Value | $341,247 |
Housing Distribution
Address Breakdown
Residential
2,648
Single Family
2,648
Multi-Family
0
Businesses
116
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Listed by: DURANT VICK • MKB, REALTORS(r)
Mls Name: RVAR
Mls ID: #917347