223 Broad AveWinchesterVA22602
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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 Winchester at 223 Broad Ave, Winchester, VA, 22602 priced at $175,000 converts $1,331/mo rent into $284/mo cash flow after a $857/mo obligation. Total monthly income equals $1,331/mo, and annual cash flow totals $3,413/yr on $58,013 invested. Return on cash invested prints 25.79% in year one, and rental yield reads 9.13% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 134.18% and total cumulative return in cash sums $77,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,331/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22602, Winchester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,328 (100%) |
| Owner Occupied HU | 10,465 (78.5%) |
| Renter Occupied HU | 2,304 (17.3%) |
| Vacant Housing Units | 559 ( 4.2%) |
| Median Home Value | $396,960 |
| Average Home Value | $432,452 |
Housing Distribution
Address Breakdown
Residential
12,773
Single Family
12,646
Multi-Family
127
Businesses
596
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Listed by: Stacey Mullins • ERA Oakcrest Realty, Inc.
Mls Name: Bright MLS
Mls ID: #VAFV2036706