605 Mount Pleasant DrLocust GroveVA22508
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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 Locust Grove at 605 Mount Pleasant Dr, Locust Grove, VA, 22508 priced at $340,000 pairs $2,917/mo rent with $885/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,917/mo, and annual cash flow comes to $10,616/yr on $112,710 invested. Return on cash invested is 29.33% in year one, and rental yield stands at 10.3% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 153.07% and total cumulative return in cash reaches $172,530. For financing, Ziffy Mortgage’s DSCR program evaluates $2,917/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22508, Locust Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,142 (100%) |
| Owner Occupied HU | 5,888 (82.4%) |
| Renter Occupied HU | 610 ( 8.5%) |
| Vacant Housing Units | 644 ( 9.0%) |
| Median Home Value | $386,789 |
| Average Home Value | $456,107 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,690
Multi-Family
51
Businesses
349
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Listed by: Penny Traber • 1st Choice Better Homes & Land, LC
Mls Name: Bright MLS
Mls ID: #VAOR2012336