102 Downes StHamptonVA23663
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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
Rental property for sale in Hampton at 102 Downes St, Hampton, VA, 23663 priced at $280,000 converts $2,656/mo rent into $983/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,656/mo, and annual cash flow totals $11,792/yr on $92,820 invested. Return on cash invested prints 32.61% in year one, and rental yield reads 11.38% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 170.7% and total cumulative return in cash sums $158,445. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,656/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1891
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23663, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,028 (100%) |
| Owner Occupied HU | 3,001 (49.8%) |
| Renter Occupied HU | 2,601 (43.1%) |
| Vacant Housing Units | 426 ( 7.1%) |
| Median Home Value | $222,438 |
| Average Home Value | $255,327 |
Housing Distribution
Address Breakdown
Residential
5,892
Single Family
5,829
Multi-Family
63
Businesses
382
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