255 Locust Hill DrBristolVA24201
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 Bristol at 255 Locust Hill Dr, Bristol, VA, 24201 priced at $189,900 pairs $1,513/mo rent with $378/mo cash flow after a $929/mo payment. Total monthly income equals $1,513/mo, and annual cash flow comes to $4,539/yr on $62,952 invested. Return on cash invested is 27.12% in year one, and rental yield stands at 9.56% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 141.28% and total cumulative return in cash reaches $88,937. For financing, Ziffy Mortgage’s DSCR program evaluates $1,513/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24201, Bristol, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,233 (100%) |
| Owner Occupied HU | 4,485 (54.5%) |
| Renter Occupied HU | 2,808 (34.1%) |
| Vacant Housing Units | 940 (11.4%) |
| Median Home Value | $189,531 |
| Average Home Value | $333,558 |
Housing Distribution
Address Breakdown
Residential
8,028
Single Family
7,263
Multi-Family
765
Businesses
715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices