116 East StBluefieldVA24605
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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 Bluefield at 116 East St, Bluefield, VA, 24605 with 5% annual appreciation on a $192,000 basis while $1,320/mo rent supports operations. Total monthly income totals $1,320/mo and a $940/mo payment preserves $172/mo for cash returns. Annual cash flow comes to $2,064/yr on $63,648 deployed, and return on cash invested reaches 23.15% in year one. Equity gained on principal adds $1,239/yr, and five-year appreciation sums $53,046 alongside rental yield of 8.25%. Five-year ROI measures 119.95% and total cumulative return in cash totals $76,348.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,320/mo property income versus a $940/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24605, Bluefield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,225 (100%) |
| Owner Occupied HU | 2,811 (66.5%) |
| Renter Occupied HU | 798 (18.9%) |
| Vacant Housing Units | 616 (14.6%) |
| Median Home Value | $163,310 |
| Average Home Value | $214,692 |
Housing Distribution
Address Breakdown
Residential
3,795
Single Family
3,766
Multi-Family
29
Businesses
410
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