405 Marston St, Spout Spring, VA, 24593 | 3.45% Rental Yield

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405 Marston St, Spout Spring, VA, 24593 | 3.45% Rental Yield | 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 Spout Spring at 405 Marston St, Spout Spring, VA, 24593 priced at $354,900 converts $1,020/mo rent into after a $1,737/mo obligation. Total monthly income equals $1,020/mo. Return on cash invested prints 8.67% in year one, and rental yield reads 3.45% against a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation compiles into $98,052 by year five. Five-year ROI reaches 42.33% and total cumulative return in cash sums $49,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $1,737/mo payment, not borrower’s personal income.

Single Family

Built in 2012

3.40 Acres lot

$N/A/sqft

No HOA

More details about the property

One level living on a 3.4 acre cul-de-sac lot conveniently located between Lynchburg and Appomattox. This well maintained home offers an open floor plan with vaulted ceilings, spacious great room, well appointed kitchen, separate dining area, 3 main level bedrooms including a primary suite with full bath and walk-in closet, and main level laundry. If additional living space is needed, the full unfinished walk-out basement with bathroom rough-in offers plenty of options for future living space. Exterior features of the home include an oversized detached garage with electricity, covered front porch, rear deck, mature landscaping, and a private 3.4 acres with a wooded back yard. Recent upgrades include a whole house Generac generator and a newly paved driveway. Well appointed homes like this don't hit the market often. Call today to schedule your private showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24593, Spout Spring, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,050 (100%)
Owner Occupied HU	812 (77.3%)
Renter Occupied HU	130 (12.4%)
Vacant Housing Units	108 (10.3%)
Median Home Value	$257,396
Average Home Value	$326,321