837 Faber 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 837 Faber Ave, Waynesboro, VA, 22980 priced at $202,000 pairs $1,632/mo rent with $424/mo cash flow after a $989/mo payment. Total monthly income equals $1,632/mo, and annual cash flow comes to $5,090/yr on $66,963 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.7% on a $202,000 basis. Equity gained on principal adds $1,303/yr, and 5% annual appreciation accumulates to $55,809 by year five. Five-year ROI measures 143.38% and total cumulative return in cash reaches $96,012. For financing, Ziffy Mortgage’s DSCR program evaluates $1,632/mo property income against a $989/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
0.25 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: JULIAN WELLS • REAL ESTATE PLUS
Mls Name: CAAR
Mls Provider:
Mls ID: #664181