605 Beeks LnSpout SpringVA24593
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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 Spout Spring at 605 Beeks Ln, Spout Spring, VA, 24593 priced at $344,900 pairs $2,077/mo rent with $15/mo cash flow after a $1,688/mo payment. Total monthly income equals $2,077/mo, and annual cash flow comes to $184/yr on $114,334 invested. Return on cash invested is 20.07% in year one, and rental yield stands at 7.23% on a $344,900 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,290 by year five. Five-year ROI measures 103.45% and total cumulative return in cash reaches $118,281. For financing, Ziffy Mortgage’s DSCR program evaluates $2,077/mo property income against a $1,688/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
1.25 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
874
Multi-Family
0
Businesses
30
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Listed by: Trevor Reed Gillispie • Elite Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #359088
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.