616 Dewitt StWaynesboroVA22980
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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 Waynesboro at 616 Dewitt St, Waynesboro, VA, 22980 with 5% annual appreciation on a $139,000 basis while $1,090/mo rent supports operations. Total monthly income totals $1,090/mo and a $680/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,113/yr on $46,079 deployed, and return on cash invested reaches 26.66% in year one. Equity gained on principal adds $897/yr, and five-year appreciation sums $38,403 alongside rental yield of 9.41%. Five-year ROI measures 138.88% and total cumulative return in cash totals $63,992.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,090/mo property income versus a $680/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
7,405 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: Dana Alston • FOUR CORNERS REAL ESTATE SOLUTIONS, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #654702
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.