140 McCormick Cir #302WinchesterVA22602
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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 Winchester at 140 McCormick Cir #302, Winchester, VA, 22602 uses $104,389 cash to close to unlock $6,634/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,435/mo, and a $1,541/mo payment keeps the spread at $553/mo. Purchase price stands at $314,900, and rental yield measures 9.28% with $2,435/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 136.63% and total cumulative return in cash records $142,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,435/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22602, Winchester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,328 (100%) |
| Owner Occupied HU | 10,465 (78.5%) |
| Renter Occupied HU | 2,304 (17.3%) |
| Vacant Housing Units | 559 ( 4.2%) |
| Median Home Value | $396,960 |
| Average Home Value | $432,452 |
Housing Distribution
Address Breakdown
Residential
12,773
Single Family
12,646
Multi-Family
127
Businesses
596
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Listed by: Karl Achstetter • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #VAFV2038584