253 Forest Springs DrStuarts DraftVA24477
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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
Investment Highlights
Rental property for sale in Stuarts Draft at 253 Forest Springs Dr, Stuarts Draft, VA, 24477 generates $2,321/mo in rent and, after a $1,590/mo payment, leaves $379/mo in cash flow. Total monthly income is $2,321/mo, and annual cash flow is $4,548/yr on $107,704 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.57% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash sums $134,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,321/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.40 Acres lot
$N/A/sqft
No 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
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Listed by: DEBORAH BEAVER • RE/MAX ADVANTAGE-WAYNESBORO
Mls Name: CAAR
Mls ID: #668595