0 Parrotts Cove RdWater ViewVA23180
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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
Investment property for sale in Water View at 0 Parrotts Cove Rd, Water View, VA, 23180 with 5% annual appreciation on a $125,000 basis while $1,493/mo rent supports operations. Total monthly income totals $1,493/mo and a $612/mo payment preserves $735/mo for cash returns. Annual cash flow comes to $8,822/yr on $41,438 deployed, and return on cash invested reaches 41.2% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 14.33%. Five-year ROI measures 216.92% and total cumulative return in cash totals $89,885.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,493/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
1.38 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23180, Water View, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 244 (100%) |
| Owner Occupied HU | 130 (53.3%) |
| Renter Occupied HU | 39 (16.0%) |
| Vacant Housing Units | 75 (30.7%) |
| Median Home Value | $400,000 |
| Average Home Value | $478,365 |
Housing Distribution
Address Breakdown
Residential
199
Single Family
199
Multi-Family
0
Businesses
3
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Listed by: David Johnson • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2418445
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.