307 Charles St #58FBlacksburgVA24060
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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 307 Charles St #58F, Blacksburg, VA, 24060 uses $86,190 cash to close to unlock $2,536/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $1,273/mo payment keeps the spread at $211/mo. Purchase price stands at $260,000, and rental yield measures 9.21% with $1,996/mo rent. Return on cash invested shows 22.85% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 119.53% and total cumulative return in cash records $103,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
871.20 sqft lot
$N/A/sqft
$2,760 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: John Wilburn • Hokie Real Estate, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #425500
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.