866 Patrick Henry 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
Rental property for sale in Blacksburg at 866 Patrick Henry Dr, Blacksburg, VA, 24060 offers $2,524/mo rent that, after a $1,733/mo payment, leaves $408/mo cash flow. Total monthly income is $2,524/mo, and annual cash flow is $4,890/yr on $117,351 cash. Return on cash invested measures 24.08% in year one, and rental yield stands at 8.56% at a $354,000 entry. Equity gained on principal adds $2,284/yr while 5% annual appreciation compounds into $97,804 by year five. Five-year ROI records 124.92% and total cumulative return in cash reaches $146,590. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,524/mo property income versus a $1,733/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1990
1,698 sqft 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: Lauren Hurt • Blue Ridge Mountain Realty, LLC
Mls Name: New River Valley AOR
Mls ID: #425434