159 Erie DrPennington GapVA24277
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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 Pennington Gap at 159 Erie Dr, Pennington Gap, VA, 24277 priced at $139,000 converts $2,069/mo rent into $1,238/mo cash flow after a $680/mo obligation. Total monthly income equals $2,069/mo, and annual cash flow totals $14,861/yr on $46,079 invested. Return on cash invested prints 52.16% in year one, and rental yield reads 17.86% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 275.55% and total cumulative return in cash sums $126,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,069/mo property income covering a $680/mo payment, not borrower’s personal income.
Manufactured
Built in 1983
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24277, Pennington Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 1,492 (55.5%) |
| Renter Occupied HU | 759 (28.3%) |
| Vacant Housing Units | 435 (16.2%) |
| Median Home Value | $96,667 |
| Average Home Value | $164,635 |
Housing Distribution
Address Breakdown
Residential
2,299
Single Family
2,222
Multi-Family
77
Businesses
208
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Listed by: Kena Sizemore • Lee Auction Company
Mls Name: TVRMLS
Mls ID: #9983243