919 Coeburn 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 919 Coeburn Rd, Wise, VA, 24293 uses $49,394 cash to close to unlock $10,699/yr annual cash flow and $892/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $729/mo payment keeps the spread at $892/mo. Purchase price stands at $149,000, and rental yield measures 14.35% with $1,782/mo rent. Return on cash invested shows 41.57% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 218.76% and total cumulative return in cash records $108,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1958
1.02 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: Suzette Robinson • Century 21 Bennett & Edwards
Mls Name: TVRMLS
Mls ID: #9981486
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