416 Spencer StBristolVA24201
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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 Bristol at 416 Spencer St, Bristol, VA, 24201 listed at $152,400 pairs $1,597/mo rent with a $746/mo payment to leave $686/mo cash flow. Total monthly income runs $1,597/mo, and annual cash flow reaches $8,231/yr on $50,521 cash to close. Return on cash invested measures 36.2% in year one, and rental yield registers 12.57% at a $152,400 basis. Equity gained on principal adds $983/yr, and annual property appreciation at 5% supports $42,105 by year five. Five-year ROI tracks 189.96% and total cumulative return in cash totals $95,967. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,597/mo property income relative to a $746/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1901
N/A 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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