377 Forest Springs Dr, Stuarts Draft, VA, 24477 | $616/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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377 Forest Springs Dr, Stuarts Draft, VA, 24477 | $616/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Stuarts Draft at 377 Forest Springs Dr, Stuarts Draft, VA, 24477 offers $2,708/mo rent that, after a $1,713/mo payment, leaves $616/mo cash flow. Total monthly income is $2,708/mo, and annual cash flow is $7,390/yr on $116,025 cash. Return on cash invested measures 26.28% in year one, and rental yield stands at 9.28% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 136.71% and total cumulative return in cash reaches $158,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,708/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1992

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Sun-Drenched One-Level Living in the Heart of Stuarts Draft--Discover the ease of ranch-style living in this beautifully maintained home, perfectly situated on a nearly level lot with mature trees in beautiful Stuarts Draft. From the moment you step inside, you are greeted by an abundance of natural light. The expansive living room serves as the true heart of the home, featuring built-ins for your library or dcor, and a cozy gas fireplace perfect for chilly evenings. Throw open the French doors to extend your living space onto the peaceful screened porchthe ideal spot for morning coffee or listening to the rain without getting wet. Retreat to the large primary suite, a quiet sanctuary designed for relaxation. Outside, the property is just as impressive. Hobbyists and DIY enthusiasts will be thrilled by the detached workshop, offering ample space for projects and storage, as well as duct work already in place for dust removal system. Complete with an attached two-car garage, this home offers the perfect blend of comfort, convenience, and charm. Come see why life is better in Stuarts Draft!

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