577 Chestnut AveWaynesboroVA22980
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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
Rental property for sale in Waynesboro at 577 Chestnut Ave, Waynesboro, VA, 22980 offers $2,204/mo rent that, after a $1,649/mo payment, leaves $190/mo cash flow. Total monthly income is $2,204/mo, and annual cash flow is $2,279/yr on $111,716 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 7.85% at a $337,000 entry. Equity gained on principal adds $2,175/yr while 5% annual appreciation compounds into $93,107 by year five. Five-year ROI records 113.5% and total cumulative return in cash reaches $126,792. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,204/mo property income versus a $1,649/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
2,613 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: KK HOMES TEAM • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: CAAR
Mls Provider:
Mls ID: #665439