409 3rd StChristiansburgVA24073
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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 409 3rd St, Christiansburg, VA, 24073 generates $1,580/mo in rent and, after a $1,084/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $3,072/yr on $73,427 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.56% on a $221,500 entry. Equity gained on principal adds $1,429/yr, while 5% annual appreciation builds toward $61,196 over five years. Five-year ROI reaches 125.07% and total cumulative return in cash sums $91,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,534 sqft 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: Bryan Taylor • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls ID: #424991