347 Declaration LnChristiansburgVA24073
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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 347 Declaration Ln, Christiansburg, VA, 24073 offers $2,917/mo rent that, after a $2,481/mo payment. Total monthly income is $2,917/mo. Return on cash invested measures 19.25% in year one, and rental yield stands at 6.91% at a $506,800 entry. Equity gained on principal adds $3,270/yr while 5% annual appreciation compounds into $140,020 by year five. Five-year ROI records 98.97% and total cumulative return in cash reaches $165,019. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,917/mo property income versus a $2,481/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
N/A 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: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #93146