113 W Main StWakefieldVA23888
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 113 W Main St, Wakefield, VA, 23888 in Wakefield. At $336,000 it earns $2,471/mo in rent and distributes $462/mo to the owner after the $1,511/mo payment, a consistent 8.82% yield. DSCR 1.64 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $92,831 in value; $3,095/yr in principal paydown compounds ownership stake. Total projected return: $156,846.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $462 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,471 |
| Total Monthly Debt Service | $1,875 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23888, Wakefield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 688 (60.9%) |
| Renter Occupied HU | 257 (22.8%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $209,756 |
| Average Home Value | $228,623 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
790
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23888, Wakefield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 688 (60.9%) |
| Renter Occupied HU | 257 (22.8%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $209,756 |
| Average Home Value | $228,623 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
790
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices