402 Midtown WayBlacksburgVA24060
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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 402 Midtown Way, Blacksburg, VA, 24060 at $1,044,700 posts ROI 5.89% with from $2,160/mo rent. Total monthly income equals $2,160/mo. Return on cash invested measures 5.89% and rental yield reads 2.48% at the current $1,044,700. Equity gained on principal adds $6,741/yr, and 5% annual appreciation supports $288,631 by year five. Five-year ROI prints 27.29% and total cumulative return in cash totals $92,362. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2025
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: N/A • N/A
Mls Name: Eagle Construction
Mls Provider:
Mls ID: #N/A