McIlwee Ln, Staunton, VA, 24401 | 5.65% Rental Yield

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McIlwee Ln, Staunton, VA, 24401 | 5.65% 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 Staunton at McIlwee Ln, Staunton, VA, 24401 generates $2,400/mo in rent, after a $2,496/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 15.42% in year one, and rental yield is 5.65% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 78.48% and total cumulative return in cash sums $131,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.

Multi Family

Built in 2022

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Dare to be different! With beach house vibes facing the Blue Ridge Mountains, this creative showpiece offers views that will have you seeing BLUE all-day long. Spanning over 3,500 sq ft over 3 levels, there's room for everyone. The ground floor includes a family room, oversized garage (almost 3-car!), and full bath. The second level is entertainment central--open layout with stacked-stone fireplace, gourmet kitchen with stainless & quartz, and access to a huge Trex deck overlooking the mountains. The primary suite connects to a sunny home office or nursery. Upstairs, 3 large bedrooms crown the home. All this in Gladiator Country, Riverheads Schools. One-of-a-kind living!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24401, Staunton, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,738 (100%)
Owner Occupied HU	11,292 (60.3%)
Renter Occupied HU	6,126 (32.7%)
Vacant Housing Units	1,320 ( 7.0%)
Median Home Value	$308,205
Average Home Value	$398,734