617 Prince 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 617 Prince St, Bristol, VA, 24201 listed at $244,995 pairs $1,649/mo rent with a $1,199/mo payment to leave $185/mo cash flow. Total monthly income runs $1,649/mo, and annual cash flow reaches $2,215/yr on $81,216 cash to close. Return on cash invested measures 22.64% in year one, and rental yield registers 8.08% at a $244,995 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,688 by year five. Five-year ROI tracks 117.2% and total cumulative return in cash totals $95,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,649/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
6,969 sqft 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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