512 Wheatley AveWiseVA24293
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 Wise at 512 Wheatley Ave, Wise, VA, 24293 at $259,900 posts ROI 23.68% with $270/mo cash flow from $1,824/mo rent. Total monthly income equals $1,824/mo, and annual cash flow records $3,245/yr on $86,157 to close. Return on cash invested measures 23.68% and rental yield reads 8.42% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 122.79% and total cumulative return in cash totals $105,790.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,824/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
0.68 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Wampler • REMAX Cavaliers
Mls Name: TVRMLS
Mls ID: #9982411
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. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.