706 Broce DrBlacksburgVA24060
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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 706 Broce Dr, Blacksburg, VA, 24060 earns $700/mo cash flow from $2,692/mo rent with a $1,630/mo payment. Total monthly income totals $2,692/mo, and annual cash flow totals $8,402/yr on $110,390 capital. ROI tracks 27.52% on current figures, and rental yield reads 9.7% at a $333,000 purchase. Equity gained on principal adds $2,149/yr, and 5% annual appreciation supports $92,002 over five years. Five-year ROI reaches 143.42% and total cumulative return in cash sums $158,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,692/mo property income instead of your personal income.
Single Family
Built in 1967
0.46 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: Amy Hudson • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424694
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.