700 Rife Rd APT 11D, Waynesboro, VA, 22980 | $507/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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700 Rife Rd APT 11D, Waynesboro, VA, 22980 | $507/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waynesboro at 700 Rife Rd APT 11D, Waynesboro, VA, 22980 earns $507/mo cash flow from $1,583/mo rent with a $881/mo payment. Total monthly income totals $1,583/mo, and annual cash flow totals $6,084/yr on $59,670 capital. ROI tracks 30.11% on current figures, and rental yield reads 10.55% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 157.23% and total cumulative return in cash sums $93,821. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,583/mo property income instead of your personal income.

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Completely remodeled 2-bedroom, 1-bath one-level condo with a cozy fireplace and serene South River backdrop! Freshly painted with new light fixtures, this move-in-ready home features a fully updated bathroom with new shower and vanity, plus a bright kitchen with new cabinet doors, a new refrigerator, all new window screens, and a new washing machine. Adjacent to the scenic South River and close to shopping, dining, and commuter routes, this stylish condo offers the perfect blend of comfort, convenience, and natural beauty. Everything has been donejust unpack and enjoy your riverside retreat!

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