8029 N Lee Hwy, Raphine, VA, 24472 | $165/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8029 N Lee Hwy, Raphine, VA, 24472 | $165/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

Investment property for sale in Raphine at 8029 N Lee Hwy, Raphine, VA, 24472 uses $149,175 cash to close to unlock $1,974/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $2,855/mo, and a $2,203/mo payment keeps the spread at $165/mo. Purchase price stands at $450,000, and rental yield measures 7.61% with $2,855/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 109.66% and total cumulative return in cash records $163,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Single Family

Built in 1880

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into a slice of historic Rockbridge County at 8029 N. Lee Hwy.! Originally built in 1895 but updated and restored in the early 2000's, this three-bedroom, two-and-a-half-bathroom home has remarkable charm in a pastoral setting. Enjoy the quiet farmland behind the property, without farm maintenance. The two-acre property has easy access to U.S. Hwy. 11 and I-81, equal distance between the historic towns of Lexington and Staunton.The main level welcomes you through the main hallway, with a formal living and dining room on either side. Step to the back of the home to enjoy the large, open kitchen with an additional living or eat-in area. A thoughtful addition provides a powder room, laundry room and primary suite, all on the main level. (MORE) Upstairs, enjoy two additional bedrooms, one full bathroom and a flex space that can be used as a study, library or play area. The grand staircase, molding and architectural pieces throughout the house offer a sense of character and history, while the intuitive layout of the home feels modern and convenient. The property has hardwood floors throughout both floors, with both working and decorative fireplaces, transoms, and other woodwork that adds to the historic ambiance. The unfinished basement and outbuilding provide additional storage space. Don't miss the charming front and side porches, which allow you to enjoy views of Rockbridge County farmland. Property is being sold "as is."

Neighborhood Data

Neighborhood data shown for ZIP Code: 24472, Raphine, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,235 (100%)
Owner Occupied HU	812 (65.7%)
Renter Occupied HU	218 (17.7%)
Vacant Housing Units	205 (16.6%)
Median Home Value	$335,714
Average Home Value	$365,810