7362 Jim Faust 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
Rental property for sale in Wise at 7362 Jim Faust Rd, Wise, VA, 24293 priced at $1,400,000 pairs $3,664/mo rent with after a $6,852/mo payment. Total monthly income equals $3,664/mo. Return on cash invested is 7.92% in year one, and rental yield stands at 3.14% on a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 38.19% and total cumulative return in cash reaches $173,239. For financing, Ziffy Mortgage’s DSCR program evaluates $3,664/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
38 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: Teresa Fannon • Fannon Land & Auction
Mls Name: TVRMLS
Mls ID: #9973195
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