1101 Scratch Gravel RdIvanhoeVA24350
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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 Ivanhoe at 1101 Scratch Gravel Rd, Ivanhoe, VA, 24350 listed at $219,500 pairs $1,922/mo rent with a $1,074/mo payment to leave $610/mo cash flow. Total monthly income runs $1,922/mo, and annual cash flow reaches $7,323/yr on $72,764 cash to close. Return on cash invested measures 29.97% in year one, and rental yield registers 10.51% at a $219,500 basis. Equity gained on principal adds $1,416/yr, and annual property appreciation at 5% supports $60,644 by year five. Five-year ROI tracks 156.59% and total cumulative return in cash totals $113,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,922/mo property income relative to a $1,074/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24350, Ivanhoe, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 386 (64.2%) |
| Renter Occupied HU | 76 (12.6%) |
| Vacant Housing Units | 139 (23.1%) |
| Median Home Value | $106,466 |
| Average Home Value | $139,773 |
Housing Distribution
Address Breakdown
Residential
582
Single Family
582
Multi-Family
0
Businesses
15
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Listed by: Benny Hagy • RE/MAX 8
Mls Name: RVAR
Mls Provider:
Mls ID: #917664
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