193 Locust Grove LnStuarts DraftVA24477
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
Investment Highlights
Investment property for sale in Stuarts Draft at 193 Locust Grove Ln, Stuarts Draft, VA, 24477 at $457,500 posts ROI 20.18% with $35/mo cash flow from $2,786/mo rent. Total monthly income equals $2,786/mo, and annual cash flow records $416/yr on $151,661 to close. Return on cash invested measures 20.18% and rental yield reads 7.31% at the current $457,500. Equity gained on principal adds $2,952/yr, and 5% annual appreciation supports $126,399 by year five. Five-year ROI prints 104.08% and total cumulative return in cash totals $157,856.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,786/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
9,583 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24477, Stuarts Draft, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 3,623 (74.4%) |
| Renter Occupied HU | 980 (20.1%) |
| Vacant Housing Units | 268 ( 5.5%) |
| Median Home Value | $298,170 |
| Average Home Value | $328,375 |
Housing Distribution
Address Breakdown
Residential
4,643
Single Family
4,497
Multi-Family
146
Businesses
259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CHARITY COX • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: CAAR
Mls Provider:
Mls ID: #666006