701 Burruss DrBlacksburgVA24060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Burruss Dr, Blacksburg, VA, 24060 offers a 9.44% rental yield on a $395,000 purchase with $3,108/mo rent. Total monthly income registers $3,108/mo, and a $1,933/mo payment leaves $747/mo available for distribution. Annual cash flow reaches $8,965/yr on $130,943 to close, and return on cash invested stands at 26.76% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 139.31% and total cumulative return in cash at $182,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,108/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stevie Bowman • Bowman Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #425759
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.