1621 Monroe St, Waynesboro, VA, 22980 | $451/mo Cash Flow

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1621 Monroe St, Waynesboro, VA, 22980 | $451/mo Cash Flow | Ziffy

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 1621 Monroe St, Waynesboro, VA, 22980 offers a 9.52% rental yield on a $230,500 purchase with $1,829/mo rent. Total monthly income registers $1,829/mo, and a $1,128/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,415/yr on $76,411 to close, and return on cash invested stands at 27% in year one. Equity gained on principal adds $1,487/yr while 5% annual appreciation supports $63,683 over five years. Portfolio math shows five-year ROI at 140.61% and total cumulative return in cash at $107,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,829/mo property income against a $1,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Price Reduced! New Upgrades and ready to move in! Brand new AC Unit just installed! Bring your furniture and you're all set! Brand new Gas Range that includes Bread Proofing and lots of other features! The Chef of the family with Love it! Beautiful hard wood floors in Living Room and Bedrooms. Nice deck on rear of home perfect for grilling and an extra-large back yard for fun! The Lot measures 65 X 140, plus you have off street parking. This location is convenient to everything! Don't wait, this one won't last long. Call your favorite Realtor for a showing today!

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