29301 Gov G C Peery HwyNorth TazewellVA24630
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
Investment property for sale in North Tazewell at 29301 Gov G C Peery Hwy, North Tazewell, VA, 24630 uses $58,013 cash to close to unlock $5,825/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $857/mo payment keeps the spread at $485/mo. Purchase price stands at $175,000, and rental yield measures 10.51% with $1,532/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 156.47% and total cumulative return in cash records $90,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1964
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24630, North Tazewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,123 (100%) |
| Owner Occupied HU | 2,081 (66.6%) |
| Renter Occupied HU | 580 (18.6%) |
| Vacant Housing Units | 462 (14.8%) |
| Median Home Value | $128,228 |
| Average Home Value | $166,204 |
Housing Distribution
Address Breakdown
Residential
2,613
Single Family
2,613
Multi-Family
0
Businesses
170
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vonda Sykes • Century 21 Prime Properties Tazewell
Mls Name: SWVAR
Mls ID: #97896