217 Myrtle AveWinchesterVA22601
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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 217 Myrtle Ave, Winchester, VA, 22601 offers a 5.64% rental yield on a $374,900 purchase with $1,763/mo rent. 29% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 77.81% and total cumulative return in cash at $96,703. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,763/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22601, Winchester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,288 (100%) |
| Owner Occupied HU | 5,703 (42.9%) |
| Renter Occupied HU | 6,603 (49.7%) |
| Vacant Housing Units | 982 ( 7.4%) |
| Median Home Value | $398,559 |
| Average Home Value | $439,296 |
Housing Distribution
Address Breakdown
Residential
13,122
Single Family
11,651
Multi-Family
1,471
Businesses
1,946
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Listed by: Pam Foltz • Realty ONE Group Old Towne
Mls Name: Bright MLS
Mls ID: #VAWI2009772