151 McCormick Dr #203WinchesterVA22602
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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 151 McCormick Dr #203, Winchester, VA, 22602 offers a 10.51% rental yield on a $315,000 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,542/mo payment leaves $877/mo available for distribution. Annual cash flow reaches $10,521/yr on $104,423 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 156.6% and total cumulative return in cash at $163,529. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Roxanna Grimes • RE/MAX Roots
Mls Name: Bright MLS
Mls ID: #VAFV2038694