2950 Hilton RdGate CityVA24251
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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 Gate City at 2950 Hilton Rd, Gate City, VA, 24251 uses $65,969 cash to close to unlock $41/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,193/mo, and a $974/mo payment keeps the spread at $3/mo. Purchase price stands at $199,000, and rental yield measures 7.19% with $1,193/mo rent. Return on cash invested shows 19.97% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 102.95% and total cumulative return in cash records $67,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,193/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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Listed by: Kristina Kilgore • The Addington Agency Bristol
Mls Name: TVRMLS
Mls ID: #9978529
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