1250 Chatham RdWaynesboroVA22980
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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 Waynesboro at 1250 Chatham Rd, Waynesboro, VA, 22980 with 5% annual appreciation on a $474,000 basis while $2,897/mo rent supports operations. Total monthly income totals $2,897/mo and a $2,320/mo payment preserves $64/mo for cash returns. Annual cash flow comes to $762/yr on $157,131 deployed, and return on cash invested reaches 20.39% in year one. Equity gained on principal adds $3,059/yr, and five-year appreciation sums $130,957 alongside rental yield of 7.33%. Five-year ROI measures 105.16% and total cumulative return in cash totals $165,245.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,897/mo property income versus a $2,320/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22980, Waynesboro, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,431 (100%) |
| Owner Occupied HU | 9,698 (62.8%) |
| Renter Occupied HU | 4,765 (30.9%) |
| Vacant Housing Units | 968 ( 6.3%) |
| Median Home Value | $306,712 |
| Average Home Value | $338,653 |
Housing Distribution
Address Breakdown
Residential
15,143
Single Family
14,464
Multi-Family
679
Businesses
1,101
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Listed by: Eric Fletcher • PROPERTY MANAGEMENT OF VIRGINIA LC
Mls Name: GASAOR
Mls Provider:
Mls ID: #657180
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.