302 Institute StStauntonVA24401
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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
Investment property for sale in Staunton at 302 Institute St, Staunton, VA, 24401 offers a 13.41% rental yield on a $214,800 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,051/mo payment leaves $1,116/mo available for distribution. Annual cash flow reaches $13,396/yr on $71,206 to close, and return on cash invested stands at 38.72% in year one. Equity gained on principal adds $1,386/yr while 5% annual appreciation supports $59,345 over five years. Portfolio math shows five-year ROI at 203.49% and total cumulative return in cash at $144,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
10,018 sqft 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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