9 2nd Ave EBig Stone GapVA24219
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
Rental property for sale in Big Stone Gap at 9 2nd Ave E, Big Stone Gap, VA, 24219 offers $1,042/mo rent that, after a $697/mo payment, leaves $191/mo cash flow. Total monthly income is $1,042/mo, and annual cash flow is $2,287/yr on $47,239 cash. Return on cash invested measures 24.75% in year one, and rental yield stands at 8.77% at a $142,500 entry. Equity gained on principal adds $920/yr while 5% annual appreciation compounds into $39,370 by year five. Five-year ROI records 128.55% and total cumulative return in cash reaches $60,723. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,042/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24219, Big Stone Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,809 (61.0%) |
| Renter Occupied HU | 1,142 (24.8%) |
| Vacant Housing Units | 655 (14.2%) |
| Median Home Value | $152,638 |
| Average Home Value | $183,368 |
Housing Distribution
Address Breakdown
Residential
4,108
Single Family
4,076
Multi-Family
32
Businesses
291
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chloe Mooneyhan • ReMax Cavaliers Wise
Mls Name: TVRMLS
Mls ID: #9985521