702 Eastover PkwyLocust GroveVA22508
Nearby investment properties with comparable rents
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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 702 Eastover Pkwy, Locust Grove, VA, 22508 offers $1,967/mo rent that, after a $2,643/mo payment. Total monthly income is $1,967/mo. Return on cash invested measures 11.54% in year one, and rental yield stands at 4.37% at a $540,060 entry. Equity gained on principal adds $3,485/yr while 5% annual appreciation compounds into $149,209 by year five. Five-year ROI records 57.66% and total cumulative return in cash reaches $102,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,967/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.28 Acres 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: Alex Belcher • Belcher Real Estate, LLC.
Mls Name: Bright MLS
Mls ID: #VAOR2009972