308 Grant Ave NEWiseVA24293
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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 Wise at 308 Grant Ave NE, Wise, VA, 24293 with 5% annual appreciation on a $284,900 basis while $1,795/mo rent supports operations. Total monthly income totals $1,795/mo and a $1,394/mo payment preserves $92/mo for cash returns. Annual cash flow comes to $1,108/yr on $94,444 deployed, and return on cash invested reaches 21.08% in year one. Equity gained on principal adds $1,838/yr, and five-year appreciation sums $78,713 alongside rental yield of 7.56%. Five-year ROI measures 108.89% and total cumulative return in cash totals $102,839.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,795/mo property income versus a $1,394/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24293, Wise, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,926 (63.6%) |
| Renter Occupied HU | 1,056 (23.0%) |
| Vacant Housing Units | 617 (13.4%) |
| Median Home Value | $147,257 |
| Average Home Value | $186,067 |
Housing Distribution
Address Breakdown
Residential
2,798
Single Family
2,726
Multi-Family
72
Businesses
313
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