6979 Pine Needle DrBoones 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 6979 Pine Needle Dr, Boones Mill, VA, 24065 offers a 10.02% rental yield on a $449,900 purchase with $3,756/mo rent. Total monthly income registers $3,756/mo, and a $2,202/mo payment leaves $1,067/mo available for distribution. Annual cash flow reaches $12,799/yr on $149,142 to close, and return on cash invested stands at 28.49% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 148.58% and total cumulative return in cash at $221,602. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,756/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
4.17 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: JENNIFER SOWERS • LONG & FOSTER - NEW RIVER VALLEY
Mls Name: RVAR
Mls ID: #924085