805 Carson CirGrottoesVA24441
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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 Grottoes at 805 Carson Cir, Grottoes, VA, 24441 priced at $244,900 converts $2,093/mo rent into $629/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,093/mo, and annual cash flow totals $7,544/yr on $81,184 invested. Return on cash invested prints 29.2% in year one, and rental yield reads 10.26% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 152.41% and total cumulative return in cash sums $123,737. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,093/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Townhouse
Built in 2013
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24441, Grottoes, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,967 (100%) |
| Owner Occupied HU | 2,196 (74.0%) |
| Renter Occupied HU | 603 (20.3%) |
| Vacant Housing Units | 168 ( 5.7%) |
| Median Home Value | $288,621 |
| Average Home Value | $358,472 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,771
Multi-Family
0
Businesses
95
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