319 Spring Lake DrBlairsVA24527
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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 Blairs at 319 Spring Lake Dr, Blairs, VA, 24527 earns $393/mo cash flow from $1,828/mo rent with a $1,175/mo payment. Total monthly income totals $1,828/mo, and annual cash flow totals $4,716/yr on $79,560 capital. ROI tracks 25.84% on current figures, and rental yield reads 9.14% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 134.35% and total cumulative return in cash sums $106,886. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,828/mo property income instead of your personal income.
Single Family
Built in 2010
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24527, Blairs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 935 (72.2%) |
| Renter Occupied HU | 202 (15.6%) |
| Vacant Housing Units | 158 (12.2%) |
| Median Home Value | $161,529 |
| Average Home Value | $179,398 |
Housing Distribution
Address Breakdown
Residential
1,232
Single Family
1,232
Multi-Family
0
Businesses
93
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Listed by: Elizabeth Ware • ELIZABETH WARE REALTORS
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74536
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.