1108 Scruggs LnGrottoesVA24441
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
Investment property for sale in Grottoes at 1108 Scruggs Ln, Grottoes, VA, 24441 at $384,900 posts ROI 24.19% with $455/mo cash flow from $2,771/mo rent. Total monthly income equals $2,771/mo, and annual cash flow records $5,460/yr on $127,594 to close. Return on cash invested measures 24.19% and rental yield reads 8.64% at the current $384,900. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,341 by year five. Five-year ROI prints 125.59% and total cumulative return in cash totals $160,251.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,771/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
$45 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24441, Grottoes, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,967 (100%) |
| Owner Occupied HU | 2,196 (74.0%) |
| Renter Occupied HU | 603 (20.3%) |
| Vacant Housing Units | 168 ( 5.7%) |
| Median Home Value | $288,621 |
| Average Home Value | $358,472 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,771
Multi-Family
0
Businesses
95
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