6940 Rocky Fork RdWiseVA24293
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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 Wise at 6940 Rocky Fork Rd, Wise, VA, 24293 with 5% annual appreciation on a $130,000 basis while $1,016/mo rent supports operations. Total monthly income totals $1,016/mo and a $636/mo payment preserves $239/mo for cash returns. Annual cash flow comes to $2,870/yr on $43,095 deployed, and return on cash invested reaches 26.57% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.38%. Five-year ROI measures 138.37% and total cumulative return in cash totals $59,631.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,016/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2002
11.06 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
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Listed by: Joana Glovier • Momentum Group
Mls Name: TVRMLS
Mls ID: #9977848
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