19688 Riverside 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 19688 Riverside Dr, Grundy, VA, 24614 generates $660/mo in rent, after a $2,961/mo payment. Total monthly income is $660/mo. Return on cash invested sits at 2.24% in year one, and rental yield is 1.31% on a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation builds toward $167,150 over five years. Five-year ROI reaches 7.76% and total cumulative return in cash sums $15,454. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $660/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
2.39 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
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