1600 Monroe StWaynesboroVA22980
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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 1600 Monroe St, Waynesboro, VA, 22980 offers a 10.24% rental yield on a $205,000 purchase with $1,750/mo rent. Total monthly income registers $1,750/mo, and a $1,003/mo payment leaves $525/mo available for distribution. Annual cash flow reaches $6,299/yr on $67,958 to close, and return on cash invested stands at 29.18% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 152.26% and total cumulative return in cash at $103,470. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,750/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,276 sqft 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: KENNY SPROUSE • AMERICAN REAL ESTATE
Mls Name: CAAR
Mls ID: #667446