622 E Main StChristiansburgVA24073
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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 Christiansburg at 622 E Main St, Christiansburg, VA, 24073 priced at $229,900 converts $1,621/mo rent into $247/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,621/mo, and annual cash flow totals $2,963/yr on $76,212 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 8.46% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 123.4% and total cumulative return in cash sums $94,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,621/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.40 Acres 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
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Listed by: Alicia Umberto • Blue Ridge Mountain Realty, LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423545
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.