408 Mount Pleasant 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 408 Mount Pleasant Dr, Locust Grove, VA, 22508 at $300,000 posts ROI 30.44% with $873/mo cash flow from $2,839/mo rent. Total monthly income equals $2,839/mo, and annual cash flow records $10,477/yr on $99,450 to close. Return on cash invested measures 30.44% and rental yield reads 11.36% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 159.86% and total cumulative return in cash totals $158,976.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,839/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
0.34 Acres lot
$N/A/sqft
$2,075 annually 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: Erin Samuels • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #662322
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.