1640 Slab Town RdSugar GroveVA24375
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1640 Slab Town Rd, Sugar Grove, VA, 24375 in Sugar Grove worth modelling. At $205,000 with a 8.05% gross yield, the $1,375/mo rent leaves $150/mo after the $922/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.49 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $56,638 by year five; $1,888/yr in principal reduction adds further equity. Total projected return: $87,153.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $150 | $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 | $1,375 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.20x |
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.
Manufactured
Built in 1996
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24375, Sugar Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 475 (50.3%) |
| Renter Occupied HU | 144 (15.2%) |
| Vacant Housing Units | 326 (34.5%) |
| Median Home Value | $128,472 |
| Average Home Value | $176,358 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
671
Multi-Family
0
Businesses
27
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
Manufactured
Built in 1996
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24375, Sugar Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 475 (50.3%) |
| Renter Occupied HU | 144 (15.2%) |
| Vacant Housing Units | 326 (34.5%) |
| Median Home Value | $128,472 |
| Average Home Value | $176,358 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
671
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shea Kuczko-Tritt • Terra Realty Group
Mls Name: SWVAR
Mls Provider:
Mls ID: #94015
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.