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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Waynesboro at 38 Boyington Blvd, Waynesboro, VA, 22980 generates $2,910/mo in rent and, after a $1,992/mo payment, leaves $477/mo in cash flow. Total monthly income is $2,910/mo, and annual cash flow is $5,725/yr on $134,921 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 8.58% on a $407,000 entry. Equity gained on principal adds $2,626/yr, while 5% annual appreciation builds toward $112,447 over five years. Five-year ROI reaches 125.34% and total cumulative return in cash sums $169,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,910/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22980, Waynesboro, VA area.
| 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 |
Residential
15,143
Single Family
14,464
Multi-Family
679
Businesses
1,101
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $407,000 |
| 2025-07-09 | Pending sale | $410,000 |
| 2025-07-03 | Listed for sale | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $1989.52 | 26.42% | $382,600 | 53.16% |
| 2023-10-10 | $1573.74 | N/A | $249,800 | N/A |
| 2022-10-10 | $1573.74 | N/A | $249,800 | N/A |
Listed by: SHERRY C ANDERSEN • NEST REALTY GROUP STAUNTON
Mls Name: CAAR
Mls Provider:
Mls ID: #666465
