2 Shannon Pl, Staunton, VA, 24401 | $224/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2 Shannon Pl, Staunton, VA, 24401 | $224/mo Cash Flow | 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 Staunton at 2 Shannon Pl, Staunton, VA, 24401 at $280,000 posts ROI 22.8% with $224/mo cash flow from $1,897/mo rent. Total monthly income equals $1,897/mo, and annual cash flow records $2,684/yr on $92,820 to close. Return on cash invested measures 22.8% and rental yield reads 8.13% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 118.07% and total cumulative return in cash totals $109,593.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,897/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Townhouse

Built in 1980

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained 3-bedroom, 2.5-bathroom condo located in the heart of Staunton. This spacious unit features a bright and open floor plan, centered on a charming electric stone fireplace in the dining and kirtchen area. Gorgeous hardwood flooring throughout main level and custom plantation shutters. Private sun room overlooks the rear yard space. The kitchen has stainless steel appliances, new tile backsplash, butcher-block surfaces, and ample cabinet spaceperfect for entertaining or quiet nights in. Upper-level hosts the primary bedroom including a large walk-in closet and a luxurious en-suite bathroom. Two secondary bedrooms and full guest bath complete the floor plan. Large, unfinished walk-out basement is perfect for extra storage needs and/or possibble expansion. Situated within a short distance of shops, restaurants, parks, and public transit, this condo offers the perfect blend of comfort and convenience.

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