520 Loudoun 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
Rental property for sale in Waynesboro at 520 Loudoun Ave, Waynesboro, VA, 22980 offers $2,323/mo rent that, after a $1,145/mo payment, leaves $925/mo cash flow. Total monthly income is $2,323/mo, and annual cash flow is $11,094/yr on $77,571 cash. Return on cash invested measures 34.21% in year one, and rental yield stands at 11.91% at a $234,000 entry. Equity gained on principal adds $1,510/yr while 5% annual appreciation compounds into $64,650 by year five. Five-year ROI records 179.28% and total cumulative return in cash reaches $139,071. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,323/mo property income versus a $1,145/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Wilfong • Kline May Realty
Mls Name: HRAR
Mls ID: #657095
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.