432 Arch AveWaynesboroVA22980
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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
Investment property for sale in Waynesboro at 432 Arch Ave, Waynesboro, VA, 22980 uses $66,131 cash to close to unlock $6,551/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $976/mo payment keeps the spread at $546/mo. Purchase price stands at $199,490, and rental yield measures 10.45% with $1,738/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $55,115 over five years. Five-year ROI reaches 155.68% and total cumulative return in cash records $102,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,405 sqft lot
$N/A/sqft
No 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: DUANE TURNER • OLD DOMINION REALTY INC - AUGUSTA
Mls Name: CAAR
Mls ID: #667114