198 Turk Mountain LnWaynesboroVA22980
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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
Rental property for sale in Waynesboro at 198 Turk Mountain Ln, Waynesboro, VA, 22980 generates $3,809/mo in rent and, after a $2,814/mo payment, leaves $372/mo in cash flow. Total monthly income is $3,809/mo, and annual cash flow is $4,466/yr on $189,142 invested. Return on cash invested sits at 22.42% in year one, and rental yield is 7.95% on a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash sums $219,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,809/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
1 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 |
Housing Distribution
Address Breakdown
Residential
15,143
Single Family
14,464
Multi-Family
679
Businesses
1,101
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Listed by: ERIC FLETCHER • PROPERTY MANAGEMENT OF VIRGINIA LC
Mls Name: CAAR
Mls ID: #671911