423 Ridgeview DrBlacksburgVA24060
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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 423 Ridgeview Dr, Blacksburg, VA, 24060 offers $3,277/mo rent that, after a $2,193/mo payment, leaves $599/mo cash flow. Total monthly income is $3,277/mo, and annual cash flow is $7,184/yr on $148,512 cash. Return on cash invested measures 24.75% in year one, and rental yield stands at 8.78% at a $448,000 entry. Equity gained on principal adds $2,891/yr while 5% annual appreciation compounds into $123,774 by year five. Five-year ROI records 128.5% and total cumulative return in cash reaches $190,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,277/mo property income versus a $2,193/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.34 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: Amy Hudson • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424547
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.