7776 Franklin RdBoones 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 7776 Franklin Rd, Boones Mill, VA, 24065 with 5% annual appreciation on a $489,950 basis while $1,877/mo rent supports operations. 14% in year one. Equity gained on principal adds $3,162/yr, and five-year appreciation sums $135,364 alongside rental yield of 4.6%. Five-year ROI measures 60.91% and total cumulative return in cash totals $98,936. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,877/mo property income versus a $2,398/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
27.25 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: Renee Wiggins • RE/MAX ALL STARS
Mls Name: RVAR
Mls Provider:
Mls ID: #909910
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