308 W Main StBerryvilleVA22611
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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 Berryville at 308 W Main St, Berryville, VA, 22611 generates $3,656/mo in rent and, after a $2,937/mo payment, leaves $69/mo in cash flow. Total monthly income is $3,656/mo, and annual cash flow is $828/yr on $197,400 invested. Return on cash invested sits at 20.48% in year one, and rental yield is 7.31% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash sums $208,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,656/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.54 Acres 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: Leah Clowser • RE/MAX Roots
Mls Name: Bright MLS
Mls ID: #VACL2006088