0 Morse Point RdPt HaywoodVA23138
Nearby investment properties with comparable rents
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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
Investment property for sale in Pt Haywood at 0 Morse Point Rd, Pt Haywood, VA, 23138 uses $42,764 cash to close to unlock $11,643/yr annual cash flow and $970/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $631/mo payment keeps the spread at $970/mo. Purchase price stands at $129,000, and rental yield measures 16.2% with $1,741/mo rent. Return on cash invested shows 47.14% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 248.65% and total cumulative return in cash records $106,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $631/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23138, Port Haywood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 819 (100%) |
| Owner Occupied HU | 428 (52.3%) |
| Renter Occupied HU | 85 (10.4%) |
| Vacant Housing Units | 306 (37.4%) |
| Median Home Value | $386,250 |
| Average Home Value | $451,688 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
401
Multi-Family
0
Businesses
26
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Listed by: Bernadette La Casse • Isabell K. Horsley Real Estate
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2420958
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.