1005 Lawrence AveBristolVA24201
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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 Bristol at 1005 Lawrence Ave, Bristol, VA, 24201 earns $219/mo cash flow from $1,707/mo rent with a $1,218/mo payment. Total monthly income totals $1,707/mo, and annual cash flow totals $2,632/yr on $82,510 capital. ROI tracks 23.1% on current figures, and rental yield reads 8.23% at a $248,900 purchase. Equity gained on principal adds $1,606/yr, and 5% annual appreciation supports $68,766 over five years. Five-year ROI reaches 119.72% and total cumulative return in cash sums $98,785. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,707/mo property income instead of your personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24201, Bristol, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,233 (100%) |
| Owner Occupied HU | 4,485 (54.5%) |
| Renter Occupied HU | 2,808 (34.1%) |
| Vacant Housing Units | 940 (11.4%) |
| Median Home Value | $189,531 |
| Average Home Value | $333,558 |
Housing Distribution
Address Breakdown
Residential
8,028
Single Family
7,263
Multi-Family
765
Businesses
715
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