1101 Rhode Island 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 1101 Rhode Island Ave, Bristol, VA, 24201 uses $75,781 cash to close to unlock $6,292/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $1,119/mo payment keeps the spread at $524/mo. Purchase price stands at $228,600, and rental yield measures 9.93% with $1,891/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $63,158 over five years. Five-year ROI reaches 147.14% and total cumulative return in cash records $111,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $1,119/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A 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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