222 King AveWaynesboroVA22980
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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 222 King Ave, Waynesboro, VA, 22980 uses $86,157 cash to close to unlock $2,645/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,774/mo, and a $1,272/mo payment keeps the spread at $220/mo. Purchase price stands at $259,900, and rental yield measures 8.19% with $1,774/mo rent. Return on cash invested shows 22.98% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 119.06% and total cumulative return in cash records $102,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,774/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1948
8,712 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: JEFF FIFE • WESTHILLS LTD. REALTORS
Mls Name: CAAR
Mls ID: #667681