80 Patricia Ln NEChristiansburgVA24073
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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
Rental property for sale in Christiansburg at 80 Patricia Ln NE, Christiansburg, VA, 24073 priced at $289,000 converts $2,190/mo rent into $335/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,190/mo, and annual cash flow totals $4,019/yr on $95,804 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.09% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 125.63% and total cumulative return in cash sums $120,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,190/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
5,575 sqft lot
$N/A/sqft
$1,524 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24073, Christiansburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,516 (100%) |
| Owner Occupied HU | 9,252 (63.7%) |
| Renter Occupied HU | 4,204 (29.0%) |
| Vacant Housing Units | 1,060 ( 7.3%) |
| Median Home Value | $300,748 |
| Average Home Value | $358,585 |
Housing Distribution
Address Breakdown
Residential
14,141
Single Family
13,933
Multi-Family
208
Businesses
990
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Listed by: Pamela Maddy • Bondurant Realty Corp.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #416517
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