6186 Penn RdBristolVA24202
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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 6186 Penn Rd, Bristol, VA, 24202 offers a 16.87% rental yield on a $127,500 purchase with $1,792/mo rent. Total monthly income registers $1,792/mo, and a $624/mo payment leaves $1,030/mo available for distribution. Annual cash flow reaches $12,358/yr on $42,266 to close, and return on cash invested stands at 49.15% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 259.38% and total cumulative return in cash at $109,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,792/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
10,454 sqft 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: Kelly Moran • KW Kingsport
Mls Name: TVRMLS
Mls ID: #9981256
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