306 E Main StBerryvilleVA22611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Berryville at 306 E Main St, Berryville, VA, 22611 offers $2,672/mo rent that, after a $1,810/mo payment, leaves $461/mo cash flow. Total monthly income is $2,672/mo, and annual cash flow is $5,535/yr on $122,622 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 8.67% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 126.79% and total cumulative return in cash reaches $155,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,672/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
9,447 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22611, Berryville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,984 (73.4%) |
| Renter Occupied HU | 849 (20.9%) |
| Vacant Housing Units | 233 ( 5.7%) |
| Median Home Value | $623,770 |
| Average Home Value | $646,185 |
Housing Distribution
Address Breakdown
Residential
3,993
Single Family
3,641
Multi-Family
352
Businesses
450
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Listed by: Lisette B. Turner • Century 21 Redwood Realty
Mls Name: Bright MLS
Mls ID: #VACL2006230