29 Gilnochie LnStauntonVA24401
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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 Staunton at 29 Gilnochie Ln, Staunton, VA, 24401 generates $2,324/mo in rent, after a $2,129/mo payment. Total monthly income is $2,324/mo. Return on cash invested sits at 17.61% in year one, and rental yield is 6.41% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 90.24% and total cumulative return in cash sums $130,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,324/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.27 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,642
Single Family
16,213
Multi-Family
1,429
Businesses
1,247
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Listed by: Amy Hughes • AVENUE REALTY, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #662480
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.