136 Bank 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
Rental property for sale in Waverly at 136 Bank St, Waverly, VA, 23890 priced at $199,000 converts $1,509/mo rent into $319/mo cash flow after a $974/mo obligation. Total monthly income equals $1,509/mo, and annual cash flow totals $3,833/yr on $65,969 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.1% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 133.76% and total cumulative return in cash sums $88,242. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,509/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.57 Acres 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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