59 Grinding Mill LnVeronaVA24482
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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 Verona at 59 Grinding Mill Ln, Verona, VA, 24482 priced at $397,000 pairs $2,947/mo rent with $574/mo cash flow after a $1,943/mo payment. Total monthly income equals $2,947/mo, and annual cash flow comes to $6,887/yr on $131,606 invested. Return on cash invested is 25.14% in year one, and rental yield stands at 8.91% on a $397,000 basis. Equity gained on principal adds $2,562/yr, and 5% annual appreciation accumulates to $109,684 by year five. Five-year ROI measures 130.62% and total cumulative return in cash reaches $171,898. For financing, Ziffy Mortgage’s DSCR program evaluates $2,947/mo property income against a $1,943/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24482, Verona, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,449 (71.4%) |
| Renter Occupied HU | 452 (22.3%) |
| Vacant Housing Units | 129 ( 6.4%) |
| Median Home Value | $309,478 |
| Average Home Value | $338,671 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,740
Multi-Family
24
Businesses
246
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