Is Boones Mill, VA a good place to invest in rental property?

Boones Mill, VA has a median modeled monthly cash flow of $-1,255 and a median cap rate of 2.9%, on a median sold price of $294,600. Prices changed +6.8% year over year.

What is the average cap rate in Boones Mill, VA?

The median cap rate across recently sold homes in Boones Mill, VA is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Boones Mill, VA?

The median sold price in Boones Mill, VA is $294,600 (about $157 per square foot).

Investing in Boones Mill, VA Real Estate

A data-driven snapshot of the Boones Mill, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$294,600Median sold price

$157Median $/sqft

3.0%Median cap rate

$-1,255Modeled cash flow / mo

+6.8%Appreciation YoY

4.0Months of supply

22Active listings

66Sold (last 12 mo)

What the Boones Mill numbers say

In Boones Mill, VA, the median home sold for $294,600 (about $157 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,255 of monthly cash flow. Sold prices moved +6.8% over the past year. Inventory sits at about 4.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Boones Mill cash-flowing listings

CashFlowRE ranks every for-sale home in Boones Mill, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Boones Mill deals, or browse the national market data.