7931 Carter Branch 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 7931 Carter Branch Rd, Wise, VA, 24293 offers a 9.35% rental yield on a $120,000 purchase with $935/mo rent. Total monthly income registers $935/mo, and a $587/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,616/yr on $39,780 to close, and return on cash invested stands at 26.49% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 137.85% and total cumulative return in cash at $54,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $935/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2013
1.30 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: Bethany Miller • Ridgeview Real Estate
Mls Name: TVRMLS
Mls ID: #9980692
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