1524 Coon Branch RdGrundyVA24614
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
Investment Highlights
Rental property for sale in Grundy at 1524 Coon Branch Rd, Grundy, VA, 24614 priced at $153,000 pairs $1,955/mo rent with $1,040/mo cash flow after a $749/mo payment. Total monthly income equals $1,955/mo, and annual cash flow comes to $12,483/yr on $50,720 invested. Return on cash invested is 44.52% in year one, and rental yield stands at 15.33% on a $153,000 basis. Equity gained on principal adds $987/yr, and 5% annual appreciation accumulates to $42,271 by year five. Five-year ROI measures 234.61% and total cumulative return in cash reaches $118,992. For financing, Ziffy Mortgage’s DSCR program evaluates $1,955/mo property income against a $749/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
4 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judy Horne • Goldwell Real Estate LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #93214
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.