7006 Gate City HwyBristolVA24202
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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 7006 Gate City Hwy, Bristol, VA, 24202 uses $74,554 cash to close to unlock $4,720/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $1,101/mo payment keeps the spread at $393/mo. Purchase price stands at $224,900, and rental yield measures 9.27% with $1,738/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 136.56% and total cumulative return in cash records $101,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1950
18 Acres 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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