1608 Virginia AveBluefieldVA24605
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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 1608 Virginia Ave, Bluefield, VA, 24605 earns $199/mo cash flow from $946/mo rent with a $612/mo payment. Total monthly income totals $946/mo, and annual cash flow totals $2,383/yr on $41,438 capital. ROI tracks 25.66% on current figures, and rental yield reads 9.08% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 133.46% and total cumulative return in cash sums $55,301. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $946/mo property income instead of your personal income.
Single Family
Built in 1902
10,018 sqft 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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Listed by: Sara Baker • HOME BY HICKS & CO
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #53089
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.