121 Starey Draft LnWest AugustaVA24485
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $229,000, 121 Starey Draft Ln, West Augusta, VA, 24485 in West Augusta generates $1,543/mo in rent (8.09% yield) but nets only $174/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.50) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $63,268. Total projected return: $97,818.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $174 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,543 |
| Total Monthly Debt Service | $1,278 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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 |
Housing Distribution
Address Breakdown
Residential
197
Single Family
197
Multi-Family
0
Businesses
2
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
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 |
Housing Distribution
Address Breakdown
Residential
197
Single Family
197
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Harris • KELLER WILLIAMS COMMONWEALTH
Mls Name: GASAOR
Mls Provider:
Mls ID: #655733
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.