1480 Pilgrim Rd, Goode, VA, 24556 | $218/mo Cash Flow

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1480 Pilgrim Rd, Goode, VA, 24556 | $218/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Goode at 1480 Pilgrim Rd, Goode, VA, 24556 uses $137,573 cash to close to unlock $2,621/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,699/mo, and a $2,031/mo payment keeps the spread at $218/mo. Purchase price stands at $415,000, and rental yield measures 7.8% with $2,699/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $155,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,699/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Single Family

Built in 2020

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1480 Pilgrim Road in Goode, VA. Immaculate 3BR, 2.5BA home built in 2020 with thoughtful upgrades throughout. Just 5 minutes from top-rated Otter River Elementary and Jefferson Forest High School, this like-new property offers an open floor plan with a cozy gas fireplace, stainless appliances, island, large pantry, under-cabinet lighting, and custom blinds. Upstairs, the primary suite features vaulted ceilings, walk-in closet, dual vanities, soaking tub, tiled shower and private water closet. Enjoy luxury vinyl plank flooring, dual-zone HVAC, storm windows, and a smart thermostat. Outdoors, relax in the beautifully landscaped yard with pergola, firepit, irrigation system, and a spacious 2-car garage. With no HOA, nearly half an acre, and a prime location near schools, shopping, and major routes to Lynchburg and Bedford, this home is move-in ready and perfect for both entertaining and everyday living. Don't miss it, schedule your showing today!