2401 Egan RdBig Stone GapVA24219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2401 Egan Rd, Big Stone Gap, VA, 24219 offers $3,410/mo rent that, after a $1,639/mo payment, leaves $1,408/mo cash flow. Total monthly income is $3,410/mo, and annual cash flow is $16,898/yr on $111,019 cash. Return on cash invested measures 35.13% in year one, and rental yield stands at 12.22% at a $334,900 entry. Equity gained on principal adds $2,161/yr while 5% annual appreciation compounds into $92,527 by year five. Five-year ROI records 184.22% and total cumulative return in cash reaches $204,517. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,410/mo property income versus a $1,639/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.99 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Hill • Appalachian Realty Executives, LLC
Mls Name: TVRMLS
Mls ID: #9981540
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. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.