1600 3rd St, Waynesboro, VA, 22980 | $640/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waynesboro at 1600 3rd St, Waynesboro, VA, 22980 uses $95,804 cash to close to unlock $7,679/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $2,368/mo, and a $1,415/mo payment keeps the spread at $640/mo. Purchase price stands at $289,000, and rental yield measures 9.83% with $2,368/mo rent. Return on cash invested shows 27.92% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 145.54% and total cumulative return in cash records $139,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Single Family

Built in 1994

0.30 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