69 Allentown Ln, Stuarts Draft, VA, 24477 | 6.06% Rental Yield

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69 Allentown Ln, Stuarts Draft, VA, 24477 | 6.06% 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

Investment property for sale in Stuarts Draft at 69 Allentown Ln, Stuarts Draft, VA, 24477 offers a 6.06% rental yield on a $460,000 purchase with $2,322/mo rent. 55% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,090 over five years. Portfolio math shows five-year ROI at 84.53% and total cumulative return in cash at $128,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1992

2.12 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this charming A-frame home nestled on 2.12 acres in the Riverheads School District. With 3 bedrooms and 2 baths, this home offers true one-level living with hardwood floors throughout the main floor and stunning exposed beams that bring warmth and character to the spacious living area. The renovated primary bathroom combines modern style with comfort, while the open layout is perfect for entertaining and everyday living. Ample storage includes a pantry and closet shelving, keeping everything organized. Upstairs, enjoy two additional rooms, including a non-conforming bedroom, ideal for guests, a home office, or hobbies. One of the homes most impressive features is the extra-large detached garage, complete with its own electric meter, water heater, RV hookup, and loft room, offering flexibility for vehicles, storage, workshop space, or recreational needs. The private, nearly level lot provides plenty of room for gardening, outdoor activities, and enjoying the peaceful country setting. Located just minutes from local conveniences, schools, and major routes, this home perfectly blends rustic charm, functionality, and country living. Check out all of the recent upgrades on attached document.

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