2224 Mount Vernon 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 2224 Mount Vernon St, Waynesboro, VA, 22980 uses $77,869 cash to close to unlock $7,530/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,032/mo, and a $1,150/mo payment keeps the spread at $628/mo. Purchase price stands at $234,900, and rental yield measures 10.38% with $2,032/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 154.45% and total cumulative return in cash records $120,273. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,032/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1952
9,147 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: KK HOMES TEAM • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: CAAR
Mls ID: #671479