43 Ridgeline DrWaynesboroVA22980
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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 Waynesboro at 43 Ridgeline Dr, Waynesboro, VA, 22980 generates $2,431/mo in rent and, after a $1,626/mo payment, leaves $376/mo in cash flow. Total monthly income is $2,431/mo, and annual cash flow is $4,506/yr on $110,103 invested. Return on cash invested sits at 24% in year one, and rental yield is 8.78% on a $332,137 entry. Equity gained on principal adds $2,143/yr, while 5% annual appreciation builds toward $91,763 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash sums $137,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,431/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
2,178 sqft lot
$N/A/sqft
$209 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22980, Waynesboro, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,143
Single Family
14,464
Multi-Family
679
Businesses
1,101
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Listed by: Christopher Sylves • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #656295
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.