31072 Lumber Rd, Locust Grove, VA, 22508 | $788/mo Cash Flow

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31072 Lumber Rd, Locust Grove, VA, 22508 | $788/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Locust Grove at 31072 Lumber Rd, Locust Grove, VA, 22508 listed at $429,000 pairs $3,353/mo rent with a $2,100/mo payment to leave $788/mo cash flow. Total monthly income runs $3,353/mo, and annual cash flow reaches $9,459/yr on $142,214 cash to close. Return on cash invested measures 26.56% in year one, and rental yield registers 9.38% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 138.26% and total cumulative return in cash totals $196,621. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,353/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2014

11.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Country living doesn't get any better than this! Bring your farm animals, chickens, turkeys, and more - this is true down-to-earth country living. This charming property features a detached 22x40 metal garage with workshop space, electric, a wood stove for heating and a lean-to off the area for equipment. The home itself offers an open floor plan with four spacious bedrms, two full baths, a living room, a large family rm, a bright kitchen with island and eat-in dining area, and a generous laundry rm with plenty of space for extra appliances. The primary bedrm includes a bonus rm perfect for an office, weight rm, or sitting area, along with a large walk-in closet. You'll also appreciate the convenient linen closet for extra storage. Step outside to enjoy a 24x16 front deck and a 10x10 back deck - ideal for relaxing on sunny days. Working from home? FiberLync Internet is available to keep you connected and stream your favorite shows with ease. With no HOA, you'll love the freedom this 11.35-acre property provides. Enjoy the country outdoors, hunt deer and turkey right in your backyard, or create your dream garden and flower beds. This property truly has endless possibilities to fit your lifestyle and future growth!

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