117 Green StLocust GroveVA22508
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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
Rental property for sale in Locust Grove at 117 Green St, Locust Grove, VA, 22508 priced at $407,000 pairs $2,695/mo rent with $262/mo cash flow after a $1,992/mo payment. Total monthly income equals $2,695/mo, and annual cash flow comes to $3,145/yr on $134,921 invested. Return on cash invested is 22.24% in year one, and rental yield stands at 7.95% on a $407,000 basis. Equity gained on principal adds $2,626/yr, and 5% annual appreciation accumulates to $112,447 by year five. Five-year ROI measures 115.09% and total cumulative return in cash reaches $155,286. For financing, Ziffy Mortgage’s DSCR program evaluates $2,695/mo property income against a $1,992/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22508, Locust Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,142 (100%) |
| Owner Occupied HU | 5,888 (82.4%) |
| Renter Occupied HU | 610 ( 8.5%) |
| Vacant Housing Units | 644 ( 9.0%) |
| Median Home Value | $386,789 |
| Average Home Value | $456,107 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,690
Multi-Family
51
Businesses
349
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Listed by: Tina McElroy • Samson Properties
Mls Name: Bright MLS
Mls ID: #VAOR2012844