701 Bishop RdBlacksburgVA24060
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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 701 Bishop Rd, Blacksburg, VA, 24060 with 5% annual appreciation on a $1,969,500 basis while $3,541/mo rent supports operations. 89% in year one. Equity gained on principal adds $12,709/yr, and five-year appreciation sums $544,137 alongside rental yield of 2.16%. Five-year ROI measures 21.91% and total cumulative return in cash totals $139,819. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,541/mo property income versus a $9,640/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
31.43 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: Grant Irby • Keller Williams New River Valley
Mls Name: New River Valley AOR
Mls ID: #424345