13061 Colonial Trl WSpring GroveVA23881
INVESTMENT ANALYSIS
Investment Verdict
Solid Income13061 Colonial Trl W, Spring Grove, VA, 23881 in Spring Grove is a solid income-producing rental, 9.16% gross yield, $1,145/mo rent, $248/mo net cash flow on a $150,000 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $41,442 and $1,382/yr in principal reduction project a total cumulative return of $72,776.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $248 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,145 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23881, Spring Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 757 (60.2%) |
| Renter Occupied HU | 214 (17.0%) |
| Vacant Housing Units | 287 (22.8%) |
| Median Home Value | $301,786 |
| Average Home Value | $340,030 |
Housing Distribution
Address Breakdown
Residential
894
Single Family
894
Multi-Family
0
Businesses
15
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
Single Family
Built in 1965
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23881, Spring Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 757 (60.2%) |
| Renter Occupied HU | 214 (17.0%) |
| Vacant Housing Units | 287 (22.8%) |
| Median Home Value | $301,786 |
| Average Home Value | $340,030 |
Housing Distribution
Address Breakdown
Residential
894
Single Family
894
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Candi Kloske • Ford Agency Inc
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426975
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.