329 Shenandoah CirBlacksburgVA24060
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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 329 Shenandoah Cir, Blacksburg, VA, 24060 uses $99,119 cash to close to unlock $2,245/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,463/mo payment keeps the spread at $187/mo. Purchase price stands at $299,000, and rental yield measures 7.92% with $1,974/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 114.76% and total cumulative return in cash records $113,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
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: Jeremy Hart • Nest Realty SWVA
Mls Name: New River Valley AOR
Mls ID: #424869