808 Grove AveLawrencevilleVA23868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lawrenceville at 808 Grove Ave, Lawrenceville, VA, 23868 offers a 11.17% rental yield on a $184,900 purchase with $1,721/mo rent. Total monthly income registers $1,721/mo, and a $905/mo payment leaves $616/mo available for distribution. Annual cash flow reaches $7,388/yr on $61,294 to close, and return on cash invested stands at 31.96% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 167.22% and total cumulative return in cash at $102,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,721/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23868, Lawrenceville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,554 (100%) |
| Owner Occupied HU | 1,517 (59.4%) |
| Renter Occupied HU | 644 (25.2%) |
| Vacant Housing Units | 393 (15.4%) |
| Median Home Value | $147,881 |
| Average Home Value | $175,932 |
Housing Distribution
Address Breakdown
Residential
2,042
Single Family
2,042
Multi-Family
0
Businesses
242
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Nearby investment properties with comparable prices
Listed by: Kim Cross, ABR, GRI • eXp Realty, LLC-(Clayton)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #136910
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.