205 Wood Ave WBig 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
Rental property for sale in Big Stone Gap at 205 Wood Ave W, Big Stone Gap, VA, 24219 priced at $178,600 pairs $1,393/mo rent with $326/mo cash flow after a $874/mo payment. Total monthly income equals $1,393/mo, and annual cash flow comes to $3,906/yr on $59,206 invested. Return on cash invested is 26.51% in year one, and rental yield stands at 9.36% on a $178,600 basis. Equity gained on principal adds $1,152/yr, and 5% annual appreciation accumulates to $49,344 by year five. Five-year ROI measures 137.96% and total cumulative return in cash reaches $81,681. For financing, Ziffy Mortgage’s DSCR program evaluates $1,393/mo property income against a $874/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1976
8,712 sqft 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: Cassie Boyd • Uptown Properties
Mls Name: TVRMLS
Mls ID: #9990144