503 6th 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 503 6th St, Grottoes, VA, 24441 with 5% annual appreciation on a $245,900 basis while $1,703/mo rent supports operations. Total monthly income totals $1,703/mo and a $1,204/mo payment preserves $233/mo for cash returns. Annual cash flow comes to $2,791/yr on $81,516 deployed, and return on cash invested reaches 23.33% in year one. Equity gained on principal adds $1,587/yr, and five-year appreciation sums $67,938 alongside rental yield of 8.31%. Five-year ROI measures 120.94% and total cumulative return in cash totals $98,587.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,703/mo property income versus a $1,204/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
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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