513 King AveWaynesboroVA22980
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 513 King Ave, Waynesboro, VA, 22980 at $239,900 posts ROI 23.31% with $225/mo cash flow from $1,659/mo rent. Total monthly income equals $1,659/mo, and annual cash flow records $2,701/yr on $79,527 to close. Return on cash invested measures 23.31% and rental yield reads 8.3% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 120.83% and total cumulative return in cash totals $96,091.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,659/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
7,840 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: Sara Wilfong • Kline May Realty
Mls Name: HRAR
Mls ID: #656442
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.