500 Winchester Ave APT B2, Staunton, VA, 24401 | $483/mo Cash Flow

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500 Winchester Ave APT B2, Staunton, VA, 24401 | $483/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

Investment property for sale in Staunton at 500 Winchester Ave APT B2, Staunton, VA, 24401 listed at $184,900 pairs $1,588/mo rent with a $905/mo payment to leave $483/mo cash flow. Total monthly income runs $1,588/mo, and annual cash flow reaches $5,792/yr on $61,294 cash to close. Return on cash invested measures 29.36% in year one, and rental yield registers 10.31% at a $184,900 basis. Equity gained on principal adds $1,193/yr, and annual property appreciation at 5% supports $51,084 by year five. Five-year ROI tracks 153.27% and total cumulative return in cash totals $93,943. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,588/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful Condo in the heart of Staunton, New Paint, New Laminate flooring in Living room, New Carpet upstairs in Bedrooms, New Vanity in Full Bath & new tile flooring. Pull downstairs that lead to extra storage space. HOA includes Water, Sewer & Trash pick up, and all exterior maintenance. This condo is close to downtown Staunton, Mary Baldwin College, YMCA and Interstate. Move in Ready for all types of buyers including first time, downsizing or investors!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24401, Staunton, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,738 (100%)
Owner Occupied HU	11,292 (60.3%)
Renter Occupied HU	6,126 (32.7%)
Vacant Housing Units	1,320 ( 7.0%)
Median Home Value	$308,205
Average Home Value	$398,734