1067 Double Bridges Rd, Spout Spring, VA, 24593 | 6.45% Rental Yield

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1067 Double Bridges Rd, Spout Spring, VA, 24593 | 6.45% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Spout Spring at 1067 Double Bridges Rd, Spout Spring, VA, 24593 generates $1,020/mo in rent, after a $929/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 17.72% in year one, and rental yield is 6.45% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 90.9% and total cumulative return in cash sums $57,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.

Manufactured

Built in 1998

1.61 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on a spacious 1.61-acre lot, this 3-bedroom, 2-bathroom home offers the perfect blend of comfort, privacy, and outdoor living. Ideal for families, hobbyists, or anyone seeking room to roam, this property provides a serene, country feel while still being conveniently located to local amenities. Inside, the open-concept layout features a welcoming living area with ample natural light, kitchen with modern appliances and counter space, and a cozy dining area perfect for gatherings. The primary suite includes a private en-suite bathroom and a walk-in closet, while the two additional bedrooms share a second full bathroom, ideal for guests or family. Step outside to enjoy the expansive yard with plenty of space for gardening, entertaining, or simply enjoying the peaceful surroundings. With 1.61 acres, there's room to expand, add a workshop, or create your dream outdoor retreat. Whether you're looking for a forever home or a quiet escape, this property is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24593, Spout Spring, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,050 (100%)
Owner Occupied HU	812 (77.3%)
Renter Occupied HU	130 (12.4%)
Vacant Housing Units	108 (10.3%)
Median Home Value	$257,396
Average Home Value	$326,321