4515 Grassy Hill RdRocky MountVA24151
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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 Rocky Mount at 4515 Grassy Hill Rd, Rocky Mount, VA, 24151 priced at $298,500 converts $1,776/mo rent into after a $1,461/mo obligation. Total monthly income equals $1,776/mo. Return on cash invested prints 19.81% in year one, and rental yield reads 7.14% against a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation compiles into $82,470 by year five. Five-year ROI reaches 102.02% and total cumulative return in cash sums $100,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,776/mo property income covering a $1,461/mo payment, not borrower’s personal income.
Single Family
Built in 1982
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: DEBORAH R FERRON • WATERMARK REALTY LLC
Mls Name: RVAR
Mls ID: #920786