597 E Side HwyWaynesboroVA22980
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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 597 E Side Hwy, Waynesboro, VA, 22980 priced at $180,000 pairs $1,766/mo rent with $690/mo cash flow after a $881/mo payment. Total monthly income equals $1,766/mo, and annual cash flow comes to $8,280/yr on $59,670 invested. Return on cash invested is 33.79% in year one, and rental yield stands at 11.77% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 176.98% and total cumulative return in cash reaches $105,605. For financing, Ziffy Mortgage’s DSCR program evaluates $1,766/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
1.49 Acres 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: Gordon Cowan • Weichert Realtors Nancy Beahm Real Estate
Mls Name: CAAR
Mls ID: #669680