707 Wales WayAshlandVA23005
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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 Ashland at 707 Wales Way, Ashland, VA, 23005 generates $3,701/mo in rent, after a $3,426/mo payment. Total monthly income is $3,701/mo. Return on cash invested sits at 17.54% in year one, and rental yield is 6.35% on a $699,950 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,383 over five years. Five-year ROI reaches 89.84% and total cumulative return in cash sums $206,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,701/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23005, Ashland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,798 (100%) |
| Owner Occupied HU | 5,395 (69.2%) |
| Renter Occupied HU | 1,943 (24.9%) |
| Vacant Housing Units | 460 ( 5.9%) |
| Median Home Value | $441,105 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
7,503
Single Family
7,117
Multi-Family
386
Businesses
1,830
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