98 Spring Ln, Gladstone, VA, 24553 | $361/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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98 Spring Ln, Gladstone, VA, 24553 | $361/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

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 Gladstone at 98 Spring Ln, Gladstone, VA, 24553 priced at $189,900 converts $1,496/mo rent into $361/mo cash flow after a $929/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $4,335/yr on $62,952 invested. Return on cash invested prints 26.8% in year one, and rental yield reads 9.45% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 139.56% and total cumulative return in cash sums $87,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $929/mo payment, not borrower’s personal income.

Single Family

Built in 1963

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Whether you're seeking a weekend getaway, a profitable Airbnb, or a cozy full-time home, this beautifully renovated property fits the bill. The current owner may even consider including some furnishings, making your move even easier! Step inside to discover a thoughtfully updated interior featuring a modern kitchen with granite countertops, a sleek tile backsplash, a center island, and stainless steel appliances. Both bathrooms have been tastefully remodeled, and major systems have been upgradedincluding new electrical wiring, modern plumbing, added insulation, and a fully improved crawlspace. Enjoy lasting peace of mind with a brand-new roof, energy-efficient windows, and a heat pump for year-round comfort. Stylish LVP flooring and low-maintenance vinyl siding complete the home's fresh, updated look. Situated on a partially fenced half-acre lot, youll love relaxing on the spacious covered front porch. Ideally located with easy access to Charlottesville, Lynchburg, and Richmond, this gem offers the perfect blend of convenience and comfortat an affordable price. Dont miss this opportunityschedule your private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24553, Gladstone, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	928 (100%)
Owner Occupied HU	645 (69.5%)
Renter Occupied HU	130 (14.0%)
Vacant Housing Units	153 (16.5%)
Median Home Value	$243,447
Average Home Value	$311,841