10424 Indian RdGloucesterVA23061
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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 Gloucester at 10424 Indian Rd, Gloucester, VA, 23061 offers a 10.67% rental yield on a $259,900 purchase with $2,310/mo rent. Total monthly income registers $2,310/mo, and a $1,272/mo payment leaves $756/mo available for distribution. Annual cash flow reaches $9,077/yr on $86,157 to close, and return on cash invested stands at 30.44% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 159.1% and total cumulative return in cash at $137,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,310/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23061, Gloucester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 7,615 (76.3%) |
| Renter Occupied HU | 1,423 (14.3%) |
| Vacant Housing Units | 944 ( 9.5%) |
| Median Home Value | $364,933 |
| Average Home Value | $435,058 |
Housing Distribution
Address Breakdown
Residential
8,978
Single Family
8,947
Multi-Family
31
Businesses
581
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Listed by: ReNaye Dame • Gloucester Realty Corporation
Mls Name: REIN Inc.
Mls ID: #10590865