113 Addington Ave SWWiseVA24293
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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
Rental property for sale in Wise at 113 Addington Ave SW, Wise, VA, 24293 priced at $117,000 converts $932/mo rent into $232/mo cash flow after a $573/mo obligation. Total monthly income equals $932/mo, and annual cash flow totals $2,787/yr on $38,786 invested. Return on cash invested prints 27.09% in year one, and rental yield reads 9.56% against a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation compiles into $32,325 by year five. Five-year ROI reaches 141.18% and total cumulative return in cash sums $54,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $932/mo property income covering a $573/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24293, Wise, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,926 (63.6%) |
| Renter Occupied HU | 1,056 (23.0%) |
| Vacant Housing Units | 617 (13.4%) |
| Median Home Value | $147,257 |
| Average Home Value | $186,067 |
Housing Distribution
Address Breakdown
Residential
2,798
Single Family
2,726
Multi-Family
72
Businesses
313
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Listed by: Robin Dotson • Ridgeview Real Estate
Mls Name: TVRMLS
Mls ID: #9978068
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