2337 Morris Mill Rd APT 5, Staunton, VA, 24401 | $429/mo Cash Flow

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2337 Morris Mill Rd APT 5, Staunton, VA, 24401 | $429/mo Cash Flow | Ziffy

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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 2337 Morris Mill Rd APT 5, Staunton, VA, 24401 listed at $155,000 pairs $1,486/mo rent with a $759/mo payment to leave $429/mo cash flow. Total monthly income runs $1,486/mo, and annual cash flow reaches $5,149/yr on $51,383 cash to close. Return on cash invested measures 29.93% in year one, and rental yield registers 11.5% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 157.51% and total cumulative return in cash totals $80,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,486/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1977

N/A lot

$N/A/sqft

$130 monthly HOA

More details about the property

ENJOY AFFORDABLE CARFREE LIVING IN THIS WELL-CARED-FOR PROPERTY WITH NO YARDWORK OR OUTSIDE MAINTENANCE. THIS PARTICULAR PROPERTY HAS BEEN RENOVATED TO OFFER ONE EXTRA LARGE BEDROOM WITH LOTS OF SPACE TO RELAX. COULD EASILY BE CONVERTED BACK TO 2 . GORGEOUS LAMINATE FLOORS. HAS ITS OWN PRIVATE DECK FOR HOURS OF RELAXATION. YOU ABSOLUTELY MUST SEE IT. THESE DON'T COME ABOUT EVERY DAY. ONCE YOU MISS IT....IT'S GONE!!!

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