1206 Welmore Hollow RdGrundyVA24614
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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 Grundy at 1206 Welmore Hollow Rd, Grundy, VA, 24614 earns $63/mo cash flow from $660/mo rent with a $489/mo payment. Total monthly income totals $660/mo, and annual cash flow totals $752/yr on $33,150 capital. ROI tracks 22.18% on current figures, and rental yield reads 7.92% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 114.76% and total cumulative return in cash sums $38,044. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $660/mo property income instead of your personal income.
Single Family
Built in 1960
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24614, Grundy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,847 (100%) |
| Owner Occupied HU | 2,426 (63.1%) |
| Renter Occupied HU | 689 (17.9%) |
| Vacant Housing Units | 732 (19.0%) |
| Median Home Value | $138,014 |
| Average Home Value | $235,347 |
Housing Distribution
Address Breakdown
Residential
2,499
Single Family
2,499
Multi-Family
0
Businesses
255
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Listed by: Devin Moore • Innovation Properties, LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #100203
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.