288 Independence DrBristolVA24201
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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 Bristol at 288 Independence Dr, Bristol, VA, 24201 priced at $265,000 converts $1,735/mo rent into $151/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,735/mo, and annual cash flow totals $1,811/yr on $87,848 invested. Return on cash invested prints 21.97% in year one, and rental yield reads 7.86% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 113.63% and total cumulative return in cash sums $99,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,735/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.40 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
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