991 Blue Ridge DrBlue RidgeVA24064
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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 Blue Ridge at 991 Blue Ridge Dr, Blue Ridge, VA, 24064 earns $626/mo cash flow from $2,718/mo rent with a $1,713/mo payment. Total monthly income totals $2,718/mo, and annual cash flow totals $7,511/yr on $115,992 capital. ROI tracks 26.38% on current figures, and rental yield reads 9.32% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 137.28% and total cumulative return in cash sums $159,234. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,718/mo property income instead of your personal income.
Single Family
Built in 1974
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24064, Blue Ridge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,781 (82.9%) |
| Renter Occupied HU | 196 ( 9.1%) |
| Vacant Housing Units | 172 ( 8.0%) |
| Median Home Value | $274,656 |
| Average Home Value | $323,932 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
2,012
Multi-Family
0
Businesses
85
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Listed by: RENEE MICHELE FONTENEAU • NEST REALTY ROANOKE
Mls Name: RVAR
Mls Provider:
Mls ID: #921738
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