604 E Main StChristiansburgVA24073
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 Christiansburg at 604 E Main St, Christiansburg, VA, 24073 generates $1,733/mo in rent and, after a $1,223/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,733/mo, and annual cash flow is $2,871/yr on $82,842 invested. Return on cash invested sits at 23.37% in year one, and rental yield is 8.32% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 121.19% and total cumulative return in cash sums $100,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,733/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darin Greear • Long & Foster - Blacksburg
Mls Name: New River Valley AOR
Mls ID: #426147