SUMMIT Plan, Shannon LeaStuarts DraftVA24477
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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
Investment Highlights
Investment property for sale in Stuarts Draft at SUMMIT Plan, Shannon Lea, Stuarts Draft, VA, 24477 with 5% annual appreciation on a $574,990 basis while $1,560/mo rent supports operations. 15% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,859 alongside rental yield of 3.26%. Five-year ROI measures 39.52% and total cumulative return in cash totals $74,756. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,560/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,643
Single Family
4,497
Multi-Family
146
Businesses
259
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Listed by: Kat Flaherty- Shannon Lea • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A