1311 N Augusta StStauntonVA24401
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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 Staunton at 1311 N Augusta St, Staunton, VA, 24401 priced at $194,000 pairs $1,750/mo rent with $250/mo cash flow after a $950/mo payment. Total monthly income equals $1,750/mo, and annual cash flow comes to $2,998/yr on $64,311 invested. Return on cash invested is 24.57% in year one, and rental yield stands at 10.82% on a $194,000 basis. Equity gained on principal adds $1,252/yr, and 5% annual appreciation accumulates to $53,599 by year five. Five-year ROI measures 129.86% and total cumulative return in cash reaches $83,516. For financing, Ziffy Mortgage’s DSCR program evaluates $1,750/mo property income against a $950/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1940
2,613 sqft lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24401, Staunton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,738 (100%) |
| Owner Occupied HU | 11,292 (60.3%) |
| Renter Occupied HU | 6,126 (32.7%) |
| Vacant Housing Units | 1,320 ( 7.0%) |
| Median Home Value | $308,205 |
| Average Home Value | $398,734 |
Housing Distribution
Address Breakdown
Residential
17,642
Single Family
16,213
Multi-Family
1,429
Businesses
1,247
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