2036 Mourning Dove DrLocust GroveVA22508
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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
Investment property for sale in Locust Grove at 2036 Mourning Dove Dr, Locust Grove, VA, 22508 uses $154,148 cash to close to unlock $6,987/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $3,362/mo, and a $2,276/mo payment keeps the spread at $582/mo. Purchase price stands at $465,000, and rental yield measures 8.68% with $3,362/mo rent. Return on cash invested shows 24.44% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash records $195,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,362/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22508, Locust Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,142 (100%) |
| Owner Occupied HU | 5,888 (82.4%) |
| Renter Occupied HU | 610 ( 8.5%) |
| Vacant Housing Units | 644 ( 9.0%) |
| Median Home Value | $386,789 |
| Average Home Value | $456,107 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,690
Multi-Family
51
Businesses
349
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Listed by: Amy Cherry Taylor • Porch & Stable Realty, LLC
Mls Name: Bright MLS
Mls ID: #VAOR2012238