300 Wallace PikeBristolVA24202
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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 300 Wallace Pike, Bristol, VA, 24202 generates $1,074/mo in rent and, after a $856/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $342/yr on $57,979 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 7.37% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 105.76% and total cumulative return in cash sums $61,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24202, Bristol, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,750 (100%) |
| Owner Occupied HU | 4,280 (74.4%) |
| Renter Occupied HU | 832 (14.5%) |
| Vacant Housing Units | 638 (11.1%) |
| Median Home Value | $235,876 |
| Average Home Value | $327,336 |
Housing Distribution
Address Breakdown
Residential
5,715
Single Family
5,715
Multi-Family
0
Businesses
402
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Listed by: Shawn Banks • Property Executives Johnson City
Mls Name: SWVAR
Mls Provider:
Mls ID: #100111
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.