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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spout Spring at 2304 Spring Grove Rd, Spout Spring, VA, 24593 listed at $382,900 pairs $1,020/mo rent with a $1,874/mo payment. Total monthly income runs $1,020/mo. Return on cash invested measures 7.91% in year one, and rental yield registers 3.2% at a $382,900 basis. Equity gained on principal adds $2,471/yr, and annual property appreciation at 5% supports $105,788 by year five. Five-year ROI tracks 38.27% and total cumulative return in cash totals $48,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $1,874/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24593, Spout Spring, VA area.
| 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 |
Residential
874
Single Family
874
Multi-Family
0
Businesses
30
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michelle Ford • Century 21 ALL-SERVICE-APP
Mls Name: LMLS
Mls ID: #359676
