1595 Edgewater DrGrundyVA24614
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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
Rental property for sale in Grundy at 1595 Edgewater Dr, Grundy, VA, 24614 priced at $262,000 converts $3,592/mo rent into $2,026/mo cash flow after a $1,282/mo obligation. Total monthly income equals $3,592/mo, and annual cash flow totals $24,314/yr on $86,853 invested. Return on cash invested prints 47.9% in year one, and rental yield reads 16.45% against a $262,000 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation compiles into $72,386 by year five. Five-year ROI reaches 252.74% and total cumulative return in cash sums $219,513. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,592/mo property income covering a $1,282/mo payment, not borrower’s personal income.
Single Family
Built in 1975
10,018 sqft 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: Christina Asbury • BHHS Four Seasons Select Prop- Richlands
Mls Name: SWVAR
Mls Provider:
Mls ID: #99740
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