860 Lebanon RdSpring GroveVA23881
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
Rental property for sale in Spring Grove at 860 Lebanon Rd, Spring Grove, VA, 23881 priced at $475,000 pairs $2,929/mo rent with $89/mo cash flow after a $2,325/mo payment. Total monthly income equals $2,929/mo, and annual cash flow comes to $1,073/yr on $157,463 invested. Return on cash invested is 20.59% in year one, and rental yield stands at 7.4% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 106.23% and total cumulative return in cash reaches $167,275. For financing, Ziffy Mortgage’s DSCR program evaluates $2,929/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23881, Spring Grove, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 757 (60.2%) |
| Renter Occupied HU | 214 (17.0%) |
| Vacant Housing Units | 287 (22.8%) |
| Median Home Value | $301,786 |
| Average Home Value | $340,030 |
Housing Distribution
Address Breakdown
Residential
894
Single Family
894
Multi-Family
0
Businesses
15
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Nearby investment properties with comparable prices
Listed by: Sarah Mayo • River Hill Realtors LLC
Mls Name: CVRMLS
Mls ID: #2525523