620 Gilley Ave EBig Stone GapVA24219
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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
Rental property for sale in Big Stone Gap at 620 Gilley Ave E, Big Stone Gap, VA, 24219 offers $1,058/mo rent that, after a $702/mo payment, leaves $201/mo cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,406/yr on $47,570 cash. Return on cash invested measures 24.97% in year one, and rental yield stands at 8.85% at a $143,500 entry. Equity gained on principal adds $926/yr while 5% annual appreciation compounds into $39,646 by year five. Five-year ROI records 129.72% and total cumulative return in cash reaches $61,709. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,058/mo property income versus a $702/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24219, Big Stone Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,809 (61.0%) |
| Renter Occupied HU | 1,142 (24.8%) |
| Vacant Housing Units | 655 (14.2%) |
| Median Home Value | $152,638 |
| Average Home Value | $183,368 |
Housing Distribution
Address Breakdown
Residential
4,108
Single Family
4,076
Multi-Family
32
Businesses
291
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Listed by: Brenda Hill • Appalachian Realty Executives, LLC
Mls Name: TVRMLS
Mls ID: #9989956