2115 Plank DrBlacksburgVA24060
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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 2115 Plank Dr, Blacksburg, VA, 24060 earns from $2,790/mo rent with a $5,482/mo payment. Total monthly income totals $2,790/mo. ROI tracks 7.46% on current figures, and rental yield reads 2.99% at a $1,120,000 purchase. Equity gained on principal adds $7,227/yr, and 5% annual appreciation supports $309,435 over five years. Five-year ROI reaches 35.68% and total cumulative return in cash sums $129,479. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,790/mo property income instead of your personal income.
Single Family
Built in 2003
0.64 Acres lot
$N/A/sqft
No 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: Kerry Gillispie • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls ID: #425718