405 Cohee RdBlacksburgVA24060
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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 Blacksburg at 405 Cohee Rd, Blacksburg, VA, 24060 priced at $1,060,000 converts $4,840/mo rent into after a $5,188/mo obligation. Total monthly income equals $4,840/mo. Return on cash invested prints 15.14% in year one, and rental yield reads 5.48% against a $1,060,000 entry. Equity gained on principal adds $6,840/yr, while 5% annual appreciation compiles into $292,858 by year five. Five-year ROI reaches 76.89% and total cumulative return in cash sums $264,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,840/mo property income covering a $5,188/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.40 Acres 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: JEANNETTE B BOYD • PAGE & ASSOCIATES REAL ESTATE
Mls Name: RVAR
Mls Provider:
Mls ID: #918428
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