1287 Turnbull Rd, Grundy, VA, 24614 | 6.52% Rental Yield

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Investment Property+ 2 more

4 Bed
3 Bath
1892 sft

1551 Watkins St, Grundy, VA, 24614

3 Bed
2 Bath
2124 sft

1025 White Birch Ln, Grundy, VA, 24614

4 Bed
3 Bath
2897 sft

2929 Slate Creek Rd, Grundy, VA, 24614

3 Bed
2 Bath
1456 sft

1178 Old Home Creek Rd, Grundy, VA, 24614

Nearby investment properties with comparable prices

2 Bed
2 Bath
1683 sft

3630 Lesters Fork Rd, Grundy, VA, 24614

2 Bed
1 Bath
1188 sft

189 Kirby Rd, Raven, VA, 24639

3 Bed
1 Bath
864 sft

121 Golden Rd, Richlands, VA, 24641

4 Bed
2 Bath
1301 sft

111 Royal St, Richlands, VA, 24641

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $660/mo, and a $594/mo payment. Purchase price stands at $121,400, and rental yield measures 6.52% with $660/mo rent. Return on cash invested shows 17.96% in year one, and 5% annual appreciation builds toward $33,541 over five years. Five-year ROI reaches 92.14% and total cumulative return in cash records $37,083. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $594/mo payment rather than investor’s personal income.

Single Family

Built in 1970

1.04 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