6177 Back Creek RdBoones MillVA24065
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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 Boones Mill at 6177 Back Creek Rd, Boones Mill, VA, 24065 earns from $2,825/mo rent with a $2,413/mo payment. Total monthly income totals $2,825/mo. ROI tracks 19.01% on current figures, and rental yield reads 6.88% at a $493,000 purchase. Equity gained on principal adds $3,181/yr, and 5% annual appreciation supports $136,207 over five years. Five-year ROI reaches 97.75% and total cumulative return in cash sums $159,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,825/mo property income instead of your personal income.
Single Family
Built in 1932
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24065, Boones Mill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,212 (77.4%) |
| Renter Occupied HU | 422 (14.8%) |
| Vacant Housing Units | 224 ( 7.8%) |
| Median Home Value | $270,660 |
| Average Home Value | $341,247 |
Housing Distribution
Address Breakdown
Residential
2,648
Single Family
2,648
Multi-Family
0
Businesses
116
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Listed by: CHERYL COWHER • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls ID: #922140