8633 Grassy Hill RdBoones MillVA24065
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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 Boones Mill at 8633 Grassy Hill Rd, Boones Mill, VA, 24065 generates $1,849/mo in rent and, after a $1,419/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,849/mo, and annual cash flow is $1,390/yr on $96,127 invested. Return on cash invested sits at 21.36% in year one, and rental yield is 7.65% on a $289,975 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,115 over five years. Five-year ROI reaches 110.33% and total cumulative return in cash sums $106,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,849/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24065, Boones Mill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,212 (77.4%) |
| Renter Occupied HU | 422 (14.8%) |
| Vacant Housing Units | 224 ( 7.8%) |
| Median Home Value | $270,660 |
| Average Home Value | $341,247 |
Housing Distribution
Address Breakdown
Residential
2,648
Single Family
2,648
Multi-Family
0
Businesses
116
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Listed by: DAMON JONATHAN GETTIER • REAL BROKER LLC - DGA-SALEM
Mls Name: RVAR
Mls ID: #922188