91 Cahas Summit 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
Rental property for sale in Boones Mill at 91 Cahas Summit Rd, Boones Mill, VA, 24065 priced at $649,950 converts $3,500/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,500/mo. Return on cash invested prints 17.9% in year one, and rental yield reads 6.46% against a $649,950 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,569 by year five. Five-year ROI reaches 91.74% and total cumulative return in cash sums $196,174. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,500/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.96 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: CHRISTOPHER KIDD CARTER • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls ID: #923447