115 E 3rd St NBig Stone GapVA24219
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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
Total monthly income runs $1,291/mo, and a $1,368/mo payment. Purchase price stands at $279,500, and rental yield measures 5.54% with $1,291/mo rent. Return on cash invested shows 14.99% in year one, and 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 76.21% and total cumulative return in cash records $70,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,291/mo property income covering a $1,368/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24219, Big Stone Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,809 (61.0%) |
| Renter Occupied HU | 1,142 (24.8%) |
| Vacant Housing Units | 655 (14.2%) |
| Median Home Value | $152,638 |
| Average Home Value | $183,368 |
Housing Distribution
Address Breakdown
Residential
4,108
Single Family
4,076
Multi-Family
32
Businesses
291
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Listed by: Patience Evans • ReMax Cavaliers Wise
Mls Name: TVRMLS
Mls ID: #9986525