0 Creek LnCobbs CreekVA23035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cobbs Creek at 0 Creek Ln, Cobbs Creek, VA, 23035 priced at $118,900 converts $1,838/mo rent into $1,127/mo cash flow after a $582/mo obligation. Total monthly income equals $1,838/mo, and annual cash flow totals $13,526/yr on $39,415 invested. Return on cash invested prints 54.23% in year one, and rental yield reads 18.55% against a $118,900 entry. Equity gained on principal adds $767/yr, while 5% annual appreciation compiles into $32,850 by year five. Five-year ROI reaches 286.69% and total cumulative return in cash sums $113,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,838/mo property income covering a $582/mo payment, not borrower’s personal income.
Lot
Built in N/A
10.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23035, Cobbs Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 946 (100%) |
| Owner Occupied HU | 598 (63.2%) |
| Renter Occupied HU | 98 (10.4%) |
| Vacant Housing Units | 250 (26.4%) |
| Median Home Value | $529,197 |
| Average Home Value | $554,419 |
Housing Distribution
Address Breakdown
Residential
505
Single Family
505
Multi-Family
0
Businesses
37
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Nearby investment properties with comparable prices
Listed by: Nick Matthews • Century 21 Nachman Realty
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #1938635
Disclaimer: All or a portion of the multiple Listing information is provided by the CBRAR Property Services, Inc. Multiple Listing Service, from a copyrighted compilation of Listings. All CBRAR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2024 CBRAR Property Services, Inc. All rights reserved.