860 Fairfax Ave, Waynesboro, VA, 22980 | $355/mo Cash Flow

For Sale

Rental Income

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

Rental property for sale in Waynesboro at 860 Fairfax Ave, Waynesboro, VA, 22980 offers $1,760/mo rent that, after a $1,150/mo payment, leaves $355/mo cash flow. Total monthly income is $1,760/mo, and annual cash flow is $4,265/yr on $77,903 cash. Return on cash invested measures 25.38% in year one, and rental yield stands at 8.99% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 131.96% and total cumulative return in cash reaches $102,796. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,760/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

6,098 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