490 Mountain View Dr, Staunton, VA, 24401 | $247/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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490 Mountain View Dr, Staunton, VA, 24401 | $247/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 Staunton at 490 Mountain View Dr, Staunton, VA, 24401 generates $2,160/mo in rent and, after a $1,566/mo payment, leaves $247/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $2,969/yr on $106,047 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 8.1% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash sums $124,724. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Single Family

Built in 1955

0.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in historic Staunton, this charming Cape Cod style home offers a delightful blend of classic architecture & modern updates. Step inside to discover hardwood floors that flow throughout the main living areas, creating a warm & inviting atmosphere. The updated kitchen is a true highlight, boasting contemporary finishes & fixtures that make it a joy to cook & gather in. Enjoy the ease of a low-maintenance brick exterior, allowing you more time to explore the rich history & vibrant culture of Staunton. The property also includes a valuable extra lot, offering endless possibilities for gardening, recreation, & entertaining. The unfinished basement provides ample storage space & potential for customization to suit your needs. Imagine strolling through Staunton's picturesque streets, just moments from your doorstep, & then returning to the comfort & character of your Cape Cod retreat. Don't miss this opportunity to own a piece of Staunton's charm with modern conveniences and room to grow!

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