708 Grove AveSouth BostonVA24592
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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 South Boston at 708 Grove Ave, South Boston, VA, 24592 offers $1,150/mo rent that, after a $729/mo payment, leaves $260/mo cash flow. Total monthly income is $1,150/mo, and annual cash flow is $3,115/yr on $49,394 cash. Return on cash invested measures 26.22% in year one, and rental yield stands at 9.26% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 136.42% and total cumulative return in cash reaches $67,384. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,150/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
1,742 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: C. Dewey Compton • Long and Foster - South Boston
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71101
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.