507 Sunridge Dr #JBlacksburgVA24060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 507 Sunridge Dr #J, Blacksburg, VA, 24060 priced at $235,500 pairs $2,056/mo rent with $349/mo cash flow after a $1,153/mo payment. Total monthly income equals $2,056/mo, and annual cash flow comes to $4,186/yr on $78,068 invested. Return on cash invested is 25.27% in year one, and rental yield stands at 10.48% on a $235,500 basis. Equity gained on principal adds $1,520/yr, and 5% annual appreciation accumulates to $65,064 by year five. Five-year ROI measures 132.98% and total cumulative return in cash reaches $103,817. For financing, Ziffy Mortgage’s DSCR program evaluates $2,056/mo property income against a $1,153/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$3,588 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Hudson • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424592
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.