8165 Open Gate Ln, Afton, VA, 22920 | 5.23% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8165 Open Gate Ln, Afton, VA, 22920 | 5.23% 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 Afton at 8165 Open Gate Ln, Afton, VA, 22920 generates $2,593/mo in rent, after a $2,912/mo payment. Total monthly income is $2,593/mo. Return on cash invested sits at 14.15% in year one, and rental yield is 5.23% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 71.68% and total cumulative return in cash sums $140,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,593/mo property income rather than buyer’s personal income.

Single Family

Built in 1955

5.03 Acres lot

$N/A/sqft

No HOA

More details about the property

This quintessential Western Albemarle farmette boasts magical Blue Ridge views (which are protected by surrounding conservation easements), several acres of flat, sunny pasture ringed by shady woods for complete privacy, raised garden beds, extensive plantings, fruit trees, a majestic oak, a chicken coop and run (protected by electric fence), a garage/outbuilding with many possible uses! Enjoy one level living in the cottage style home, packed with updates & upgrades including a new kitchen, fabulous stone-floored living room w/woodstove, a reconfigured primary suite w/tiled shower and much more. This home has abundant character and charm, flexible spaces to suit your needs, an electric dog fence, gutter guards, tankless water heater & whole house generator for easy living, and potential expansion/project space in the cellar. Wake to deer, wild turkey and other wildlife. Bring your horses, other furry friends & your green thumb! The mountain views are ever-changing & the star-filled sky is simply spectacular on the dark country nights. Please see docs for floor plans and list of extensive recent updates. Firefly broadband installed. Western Albemarle Schools.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22920, Afton, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,994 (100%)
Owner Occupied HU	1,405 (70.5%)
Renter Occupied HU	286 (14.3%)
Vacant Housing Units	303 (15.2%)
Median Home Value	$544,771
Average Home Value	$639,324