2346 Rockland RdBoones 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 2346 Rockland Rd, Boones Mill, VA, 24065 listed at $399,950 pairs $1,858/mo rent with a $1,958/mo payment. Total monthly income runs $1,858/mo. Return on cash invested measures 15.08% in year one, and rental yield registers 5.57% at a $399,950 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,499 by year five. Five-year ROI tracks 76.68% and total cumulative return in cash totals $101,664. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,858/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
1.87 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: W. R. '' BILLY '' KINGERY, JR. • MOUNTAIN TO LAKE REALTY
Mls Name: RVAR
Mls ID: #923388