302 Holly AveGrottoesVA24441
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
Investment Highlights
Rental property for sale in Grottoes at 302 Holly Ave, Grottoes, VA, 24441 generates $2,504/mo in rent and, after a $1,835/mo payment, leaves $263/mo in cash flow. Total monthly income is $2,504/mo, and annual cash flow is $3,153/yr on $124,313 invested. Return on cash invested sits at 22.45% in year one, and rental yield is 8.01% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 116.16% and total cumulative return in cash sums $144,399. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,504/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24441, Grottoes, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,967 (100%) |
| Owner Occupied HU | 2,196 (74.0%) |
| Renter Occupied HU | 603 (20.3%) |
| Vacant Housing Units | 168 ( 5.7%) |
| Median Home Value | $288,621 |
| Average Home Value | $358,472 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,771
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices