215 S Knollwood 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 215 S Knollwood Dr, Blacksburg, VA, 24060 offers a 7.94% rental yield on a $305,000 purchase with $2,017/mo rent. Total monthly income registers $2,017/mo, and a $1,493/mo payment leaves $194/mo available for distribution. Annual cash flow reaches $2,323/yr on $101,108 to close, and return on cash invested stands at 22.21% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 114.91% and total cumulative return in cash at $116,182. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,017/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A 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: Tammy Baldwin-Boboli • Long & Foster - Blacksburg
Mls Name: Long & Foster Broker Feed
Mls ID: #426244