2805 6th Ave EBig 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
Investment property for sale in Big Stone Gap at 2805 6th Ave E, Big Stone Gap, VA, 24219 offers a 8.06% rental yield on a $179,000 purchase with $1,202/mo rent. Total monthly income registers $1,202/mo, and a $876/mo payment leaves $132/mo available for distribution. Annual cash flow reaches $1,585/yr on $59,339 to close, and return on cash invested stands at 22.58% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 116.97% and total cumulative return in cash at $69,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,202/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.30 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
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Listed by: Elaine Lawson • Appalachian Realty Executives, LLC
Mls Name: TVRMLS
Mls ID: #9988103