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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% |
Investment property for sale in Waynesboro at 405 S Linden Ave #UT-1, Waynesboro, VA, 22980 offers a 9.66% rental yield on a $216,800 purchase with $1,745/mo rent. Total monthly income registers $1,745/mo, and a $1,061/mo payment leaves $399/mo available for distribution. Annual cash flow reaches $4,790/yr on $71,869 to close, and return on cash invested stands at 26.57% in year one. Equity gained on principal adds $1,399/yr while 5% annual appreciation supports $59,898 over five years. Portfolio math shows five-year ROI at 138.66% and total cumulative return in cash at $99,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,745/mo property income against a $1,061/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
$50 monthly 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 |
|---|---|---|
| 2024-10-23 | Price change | $216,800 |
| 2024-09-16 | Price change | $216,900 |
| 2024-07-01 | Listed for sale | $217,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1053.36 | -6.52% | $136,800 | 9.27% |
| 2022-11-11 | $1126.80 | N/A | $125,200 | N/A |
| 2021-11-11 | $1126.80 | 20.27% | $125,200 | 20.27% |
Listed by: Kyna Baehr • HELP-U-SELL DIRECT SAVINGS REAL ESTATE
Mls Name: GASAOR
Mls Provider:
Mls ID: #654586
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
