506 Rose AveBlacksburgVA24060
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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 506 Rose Ave, Blacksburg, VA, 24060 offers $2,308/mo rent that, after a $2,374/mo payment. Total monthly income is $2,308/mo. Return on cash invested measures 15.49% in year one, and rental yield stands at 5.71% at a $485,000 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,997 by year five. Five-year ROI records 78.89% and total cumulative return in cash reaches $126,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,308/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,842 sqft 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: Lindsey Gilmer • River Mountain Properties
Mls Name: New River Valley AOR
Mls ID: #425698