46 Riverside Ave, Verona, VA, 24482 | $427/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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46 Riverside Ave, Verona, VA, 24482 | $427/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Verona at 46 Riverside Ave, Verona, VA, 24482 priced at $285,000 pairs $2,131/mo rent with $427/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,131/mo, and annual cash flow comes to $5,127/yr on $94,478 invested. Return on cash invested is 25.34% in year one, and rental yield stands at 8.97% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 131.71% and total cumulative return in cash reaches $124,434. For financing, Ziffy Mortgage’s DSCR program evaluates $2,131/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1965

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Verona VA! The location of this property is stunning, 25min to Harrisonburg/14 min to Staunton/18min to Waynesboro. Featuring spacious main level living as well as a nice finished basement! Key features are: remodeled kitchen/beautiful bathrooms/spacious bedrooms/covered porch and carport! Remodel was complete 2023 featuring full interior remodel, HVAC, Water heater. Schedule a private tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24482, Verona, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,030 (100%)
Owner Occupied HU	1,449 (71.4%)
Renter Occupied HU	452 (22.3%)
Vacant Housing Units	129 ( 6.4%)
Median Home Value	$309,478
Average Home Value	$338,671