24 S Grove AveHenricoVA23075
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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 Henrico at 24 S Grove Ave, Henrico, VA, 23075 priced at $275,000 pairs $2,199/mo rent with $555/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,199/mo, and annual cash flow comes to $6,661/yr on $91,163 invested. Return on cash invested is 27.22% in year one, and rental yield stands at 9.6% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 141.79% and total cumulative return in cash reaches $129,263. For financing, Ziffy Mortgage’s DSCR program evaluates $2,199/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23075, Highland Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,274 (100%) |
| Owner Occupied HU | 2,457 (57.5%) |
| Renter Occupied HU | 1,620 (37.9%) |
| Vacant Housing Units | 197 ( 4.6%) |
| Median Home Value | $236,462 |
| Average Home Value | $363,458 |
Housing Distribution
Address Breakdown
Residential
4,254
Single Family
4,103
Multi-Family
151
Businesses
211
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