1809 Narrow Passage Rd, Spout Spring, VA, 24593 | 5.83% Rental Yield

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1809 Narrow Passage Rd, Spout Spring, VA, 24593 | 5.83% 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 1809 Narrow Passage Rd, Spout Spring, VA, 24593 offers a 5.83% rental yield on a $209,900 purchase with $1,020/mo rent. 87% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 80.91% and total cumulative return in cash at $56,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1992

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1809 Narrow Passage Road, where peaceful country living meets comfort and convenience. Nestled on a private, wooded 2-acre lot, this charming property offers plenty of shade, seclusion, and space to relax and unwind. Inside, you'll find a well-maintained 3 bed 2 bath home featuring a spacious living room, perfect for spending quality time with family. The common areas boast updated vinyl plank flooring, and the home is equipped with modern appliances and a new heat pump installed in 2022, offering both style and energy efficiency. Enjoy the outdoors on the covered and screened-in porch, overlooking the quiet, wooded backyard an ideal spot for morning coffee or evening gatherings. Additional features include an automatic backup generator to keep things running smoothly during power outages, and a detached two-car garage that offers plenty of room for storage or could easily be transformed into a workshop.

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