279 Forest AvePennington 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 279 Forest Ave, Pennington Gap, VA, 24277 priced at $129,900 converts $889/mo rent into $112/mo cash flow after a $636/mo obligation. Total monthly income equals $889/mo, and annual cash flow totals $1,347/yr on $43,062 invested. Return on cash invested prints 23.04% in year one, and rental yield reads 8.21% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 119.43% and total cumulative return in cash sums $51,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $889/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 2003
8,712 sqft 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: D.J. Wilder • Century 21 Virginia Wilder Real Estate
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1292961
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. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.