3301 Springview DrChristiansburgVA24073
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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
Rental property for sale in Christiansburg at 3301 Springview Dr, Christiansburg, VA, 24073 generates $1,472/mo in rent and, after a $1,023/mo payment, leaves $223/mo in cash flow. Total monthly income is $1,472/mo, and annual cash flow is $2,671/yr on $69,284 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 8.45% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 123.27% and total cumulative return in cash sums $85,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,472/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24073, Christiansburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,516 (100%) |
| Owner Occupied HU | 9,252 (63.7%) |
| Renter Occupied HU | 4,204 (29.0%) |
| Vacant Housing Units | 1,060 ( 7.3%) |
| Median Home Value | $300,748 |
| Average Home Value | $358,585 |
Housing Distribution
Address Breakdown
Residential
14,141
Single Family
13,933
Multi-Family
208
Businesses
990
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Listed by: Mike Noren • Price Real Estate, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424894
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.