604 Gigi 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
Investment property for sale in Blacksburg at 604 Gigi Dr, Blacksburg, VA, 24060 listed at $574,900 pairs $3,228/mo rent with a $2,814/mo payment. Total monthly income runs $3,228/mo. Return on cash invested measures 18.74% in year one, and rental yield registers 6.74% at a $574,900 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,834 by year five. Five-year ROI tracks 96.25% and total cumulative return in cash totals $182,055. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,228/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.38 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: SHEPHERD CRONEMEYER • MKB, REALTORS(r)
Mls Name: RVAR
Mls ID: #920903