625 Tall Oak BlvdChristiansburgVA24073
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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 625 Tall Oak Blvd, Christiansburg, VA, 24073 priced at $360,000 converts $2,603/mo rent into $384/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,603/mo, and annual cash flow totals $4,612/yr on $119,340 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 8.68% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 123.55% and total cumulative return in cash sums $147,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,603/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
3,049 sqft lot
$N/A/sqft
$800 annually 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: Margaret Hicks • Welcome Home Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422590
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.