7382 Laurel Fork RdBlue GrassVA24413
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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 Blue Grass at 7382 Laurel Fork Rd, Blue Grass, VA, 24413 offers a 10.94% rental yield on a $160,000 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $783/mo payment leaves $502/mo available for distribution. Annual cash flow reaches $6,020/yr on $53,040 to close, and return on cash invested stands at 31.26% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 163.46% and total cumulative return in cash at $86,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24413, Blue Grass, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 184 (100%) |
| Owner Occupied HU | 84 (45.7%) |
| Renter Occupied HU | 16 ( 8.7%) |
| Vacant Housing Units | 84 (45.7%) |
| Median Home Value | $296,875 |
| Average Home Value | $323,006 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
14
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Listed by: DUANE TURNER • OLD DOMINION REALTY INC - AUGUSTA
Mls Name: CAAR
Mls Provider:
Mls ID: #667991