5030 Blue Springs RdHiwasseeVA24347
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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
Total monthly income runs $1,938/mo, and a $1,605/mo payment. Purchase price stands at $327,900, and rental yield measures 7.09% with $1,938/mo rent. Return on cash invested shows 19.66% in year one, and 5% annual appreciation builds toward $90,593 over five years. Five-year ROI reaches 101.26% and total cumulative return in cash records $110,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Single Family
Built in 1927
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24347, Hiwassee, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 621 (54.3%) |
| Renter Occupied HU | 117 (10.2%) |
| Vacant Housing Units | 406 (35.5%) |
| Median Home Value | $236,818 |
| Average Home Value | $342,279 |
Housing Distribution
Address Breakdown
Residential
803
Single Family
803
Multi-Family
0
Businesses
14
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Listed by: Grace Hight • Long & Foster-Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422381
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