402 4th StGrottoesVA24441
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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 Grottoes at 402 4th St, Grottoes, VA, 24441 generates $2,236/mo in rent and, after a $1,493/mo payment, leaves $413/mo in cash flow. Total monthly income is $2,236/mo, and annual cash flow is $4,951/yr on $101,108 invested. Return on cash invested sits at 24.81% in year one, and rental yield is 8.8% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 128.83% and total cumulative return in cash sums $130,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,236/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.28 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
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Listed by: Serge Kasnov • Old Dominion Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #VARO2002486
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