11423 Reedy Creek RdBristolVA24202
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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 11423 Reedy Creek Rd, Bristol, VA, 24202 uses $228,622 cash to close to unlock $6,002/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $4,654/mo, and a $3,401/mo payment keeps the spread at $500/mo. Purchase price stands at $694,900, and rental yield measures 8.04% with $4,654/mo rent. Return on cash invested shows 22.69% in year one, and 5% annual appreciation builds toward $191,988 over five years. Five-year ROI reaches 117.43% and total cumulative return in cash records $268,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,654/mo property income covering a $3,401/mo payment rather than investor’s personal income.
Single Family
Built in 2022
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24202, Bristol, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,750 (100%) |
| Owner Occupied HU | 4,280 (74.4%) |
| Renter Occupied HU | 832 (14.5%) |
| Vacant Housing Units | 638 (11.1%) |
| Median Home Value | $235,876 |
| Average Home Value | $327,336 |
Housing Distribution
Address Breakdown
Residential
5,715
Single Family
5,715
Multi-Family
0
Businesses
402
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