502 17th 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
Investment property for sale in Grottoes at 502 17th St, Grottoes, VA, 24441 uses $55,526 cash to close to unlock $7,770/yr annual cash flow and $648/mo monthly cash flow. Total monthly income runs $1,649/mo, and a $820/mo payment keeps the spread at $648/mo. Purchase price stands at $167,500, and rental yield measures 11.81% with $1,649/mo rent. Return on cash invested shows 33.9% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 177.63% and total cumulative return in cash records $98,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,649/mo property income covering a $820/mo payment rather than investor’s personal income.
Single Family
Built in 1980
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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