1005 W Main StWaverlyVA23890
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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 Waverly at 1005 W Main St, Waverly, VA, 23890 uses $99,119 cash to close to unlock $3,229/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $2,056/mo, and a $1,463/mo payment keeps the spread at $269/mo. Purchase price stands at $299,000, and rental yield measures 8.25% with $2,056/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 120.07% and total cumulative return in cash records $119,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,056/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23890, Waverly, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,949 (100%) |
| Owner Occupied HU | 1,138 (58.4%) |
| Renter Occupied HU | 512 (26.3%) |
| Vacant Housing Units | 299 (15.3%) |
| Median Home Value | $205,660 |
| Average Home Value | $251,384 |
Housing Distribution
Address Breakdown
Residential
1,441
Single Family
1,441
Multi-Family
0
Businesses
185
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