121 Starey Draft Ln, West Augusta, VA, 24485 | $174/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
760 sft

108 Caroline St, Staunton, VA, 24401

2 Bed
1 Bath
704 sft

2522 Bath St, Staunton, VA, 24401

3 Bed
1 Bath
1127 sft

13 Jeff Gordons Ln, Goshen, VA, 24439

3 Bed
2 Bath
1344 sft

88 N Poplar Ave, Craigsville, VA, 24430

Nearby investment properties with comparable prices

Investment Property+ 1 more

2 Bed
2 Bath
1224 sft

1127 W Johnson St, Staunton, VA, 24401

2 Bed
1 Bath
904 sft

113 Brookhollow Rd, Craigsville, VA, 24430

2 Bed
1 Bath
678 sft

130 Park Blvd, Staunton, VA, 24401

3 Bed
2 Bath
1906 sft

38 Jackson River Rd, Monterey, VA, 24465

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 West Augusta at 121 Starey Draft Ln, West Augusta, VA, 24485 priced at $229,000 converts $1,543/mo rent into $174/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,543/mo, and annual cash flow totals $2,087/yr on $75,914 invested. Return on cash invested prints 22.66% in year one, and rental yield reads 8.09% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 117.31% and total cumulative return in cash sums $89,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,543/mo property income covering a $1,121/mo payment, not borrower’s personal income.

Single Family

Built in 1974

5.99 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 24485, West Augusta, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	315 (100%)
Owner Occupied HU	161 (51.1%)
Renter Occupied HU	20 ( 6.3%)
Vacant Housing Units	134 (42.5%)
Median Home Value	$303,191
Average Home Value	$404,193