Ruby Plan, Winchester Landing Condo Flats 55+, Winchester, VA, 22602 | $883/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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Ruby Plan, Winchester Landing Condo Flats 55+, Winchester, VA, 22602 | $883/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

Rental property for sale in Winchester at Ruby Plan, Winchester Landing Condo Flats 55+, Winchester, VA, 22602 priced at $313,985 converts $2,760/mo rent into $883/mo cash flow after a $1,537/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $10,594/yr on $104,086 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 10.55% against a $313,985 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,748 by year five. Five-year ROI reaches 157.15% and total cumulative return in cash sums $163,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,537/mo payment, not borrower’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

The only new 55+ elevator condo flats in the Winchester area, just 3 miles from Old Town shops, dining, medical facilities and Route 7! It's time to discover The Ruby, a well-appointed condo with so much style and space. In the convenient kitchen, an island offers plenty of room for preparing home cooked meals. The adjoining great room and dining area is an ideal space for welcoming friends. For family or guests, a spacious bedroom and adjoining full bath provide the privacy they desire. Your stunning master suite includes a huge walk in closet and luxurious double vanity bath, along with private access to your own large balcony. No matter your lifestyle needs, The Ruby has you covered. *Prices shown generally refer to the base house and do not include any optional features. Photos and/or drawings of homes may show upgraded landscaping, elevations and optional features and may not represent the lowest-priced homes in the community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22602, Winchester, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,328 (100%)
Owner Occupied HU	10,465 (78.5%)
Renter Occupied HU	2,304 (17.3%)
Vacant Housing Units	559 ( 4.2%)
Median Home Value	$396,960
Average Home Value	$432,452