515 Mount Salem AveWashingtonVA22747
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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 Washington at 515 Mount Salem Ave, Washington, VA, 22747 with 5% annual appreciation on a $918,000 basis while $3,140/mo rent supports operations. 73% in year one. Equity gained on principal adds $5,924/yr, and five-year appreciation sums $253,626 alongside rental yield of 4.1%. Five-year ROI measures 53.32% and total cumulative return in cash totals $161,051. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,140/mo property income versus a $4,493/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22747, Washington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 662 (100%) |
| Owner Occupied HU | 424 (64.0%) |
| Renter Occupied HU | 123 (18.6%) |
| Vacant Housing Units | 115 (17.4%) |
| Median Home Value | $595,745 |
| Average Home Value | $782,188 |
Housing Distribution
Address Breakdown
Residential
476
Single Family
476
Multi-Family
0
Businesses
101
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Listed by: Ann Ishee • Pearson Smith Realty, LLC
Mls Name: Bright MLS
Mls ID: #VARP2002276