424 Midtown Way #H15I15BlacksburgVA24060
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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 Blacksburg at 424 Midtown Way #H15I15, Blacksburg, VA, 24060 with 5% annual appreciation on a $975,900 basis while $2,814/mo rent supports operations. 77% in year one. Equity gained on principal adds $6,297/yr, and five-year appreciation sums $269,623 alongside rental yield of 3.46%. Five-year ROI measures 42.8% and total cumulative return in cash totals $137,421. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,814/mo property income versus a $4,777/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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Mls ID: #N/A