1231 Little Bear Ln, Spout Spring, VA, 24593 | 3.14% Rental Yield

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1231 Little Bear Ln, Spout Spring, VA, 24593 | 3.14% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Spout Spring at 1231 Little Bear Ln, Spout Spring, VA, 24593 earns from $1,020/mo rent with a $1,908/mo payment. Total monthly income totals $1,020/mo. ROI tracks 7.74% on current figures, and rental yield reads 3.14% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 37.33% and total cumulative return in cash sums $48,253. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,020/mo property income instead of your personal income.

Single Family

Built in 2019

1.08 Acres lot

$N/A/sqft

No HOA

More details about the property

IMMACULATE! This 2019 Ranch has all the thoughtful touches that truly make it move-in ready! From the Generac whole-house generator, whole-house vacuum system, to the oversized garage and screened porch, you can be assured that no detail has been overlooked in this home! There are 3 bedrooms and 2 full baths on the main level, as well as an eat-in kitchen and living room. Walk right out into your screened porch and fire up the grill that is connected to the gas line or go sit by the outdoor firepit that is also connected. Main-level laundry is located in the hall bath, so no toting laundry up and down the stairs. There is a second driveway that makes for easy access to the basement to unload supplies. The house sits on a 1.08 acre lot near the end of the cul-de-sac, so you won't have to worry about much traffic! Other features include a dual-fuel heat pump, Rinnai tankless water heater, propane heater in the garage, gas range, and a 500 gallon propane tank.

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