715 Grove AveChase CityVA23924
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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 Chase City at 715 Grove Ave, Chase City, VA, 23924 earns $272/mo cash flow from $1,168/mo rent with a $734/mo payment. Total monthly income totals $1,168/mo, and annual cash flow totals $3,259/yr on $49,692 capital. ROI tracks 26.47% on current figures, and rental yield reads 9.35% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 137.77% and total cumulative return in cash sums $68,459. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,168/mo property income instead of your personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Tina Garner • Southern Pine Realty Solutions
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71563