7311 Rocky Fork RdWiseVA24293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7311 Rocky Fork Rd, Wise, VA, 24293 uses $102,434 cash to close to unlock $1,911/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $2,006/mo, and a $1,512/mo payment keeps the spread at $159/mo. Purchase price stands at $309,000, and rental yield measures 7.79% with $2,006/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 112.6% and total cumulative return in cash records $115,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,006/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1947
17.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices