114 Grimes DrMadison HeightsVA24572
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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 Madison Heights at 114 Grimes Dr, Madison Heights, VA, 24572 offers a 10.34% rental yield on a $191,900 purchase with $1,654/mo rent. Total monthly income registers $1,654/mo, and a $939/mo payment leaves $507/mo available for distribution. Annual cash flow reaches $6,085/yr on $63,615 to close, and return on cash invested stands at 29.47% in year one. Equity gained on principal adds $1,238/yr while 5% annual appreciation supports $53,018 over five years. Portfolio math shows five-year ROI at 153.94% and total cumulative return in cash at $97,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,654/mo property income against a $939/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24572, Madison Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,710 (100%) |
| Owner Occupied HU | 5,270 (68.4%) |
| Renter Occupied HU | 1,784 (23.1%) |
| Vacant Housing Units | 656 ( 8.5%) |
| Median Home Value | $213,028 |
| Average Home Value | $237,874 |
Housing Distribution
Address Breakdown
Residential
7,198
Single Family
7,021
Multi-Family
177
Businesses
387
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Nearby investment properties with comparable prices
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