808 Grove Ave, Chase City, VA, 23924 | $659/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
3052 sft

228 Ferry Hill Trl, Clarksville, VA, 23927

4 Bed
2 Bath
3128 sft

562 Newcomb Bridge Rd, Chase City, VA, 23924

3 Bed
3 Bath
1588 sft

702 Holmes St, South Hill, VA, 23970

5 Bed
3 Bath
3730 sft

4198 Goodes Ferry Rd, South Hill, VA, 23970

Nearby investment properties with comparable prices

3 Bed
2 Bath
1514 sft

Firetower Ln, Keysville, VA, 23947

3 Bed
2 Bath
1358 sft

Firetower Ln, Lunenburg, VA, 23952

3 Bed
2 Bath
1514 sft

Firetower Ln, Lunenburg, VA, 23947

3 Bed
2 Bath
1514 sft

Firetower Ln, South Hill, VA, 23970

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Chase City at 808 Grove Ave, Chase City, VA, 23924 priced at $399,000 converts $3,044/mo rent into $659/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,044/mo, and annual cash flow totals $7,905/yr on $132,269 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.15% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 134.62% and total cumulative return in cash sums $178,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,044/mo property income covering a $1,953/mo payment, not borrower’s personal income.

Single Family

Built in 1964

1.57 Acres 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