4884 Cove Garden RdNorth GardenVA22959
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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 North Garden at 4884 Cove Garden Rd, North Garden, VA, 22959 with 5% annual appreciation on a $265,000 basis while $1,984/mo rent supports operations. Total monthly income totals $1,984/mo and a $1,297/mo payment preserves $400/mo for cash returns. Annual cash flow comes to $4,799/yr on $87,848 deployed, and return on cash invested reaches 25.37% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 8.98%. Five-year ROI measures 131.85% and total cumulative return in cash totals $115,827.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,984/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22959, North Garden, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 878 (100%) |
| Owner Occupied HU | 597 (68.0%) |
| Renter Occupied HU | 168 (19.1%) |
| Vacant Housing Units | 113 (12.9%) |
| Median Home Value | $737,939 |
| Average Home Value | $832,111 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
750
Multi-Family
0
Businesses
50
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Listed by: DENISE RAMEY TEAM • LONG & FOSTER - CHARLOTTESVILLE WEST
Mls Name: CAAR
Mls Provider:
Mls ID: #664529