106 Locust AveHamptonVA23661
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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 106 Locust Ave, Hampton, VA, 23661 priced at $175,000 pairs $1,320/mo rent with $273/mo cash flow after a $857/mo payment. Total monthly income equals $1,320/mo, and annual cash flow comes to $3,281/yr on $58,013 invested. Return on cash invested is 25.56% in year one, and rental yield stands at 9.05% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 132.96% and total cumulative return in cash reaches $77,131. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1894
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23661, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,524 (100%) |
| Owner Occupied HU | 3,794 (58.2%) |
| Renter Occupied HU | 2,150 (33.0%) |
| Vacant Housing Units | 580 ( 8.9%) |
| Median Home Value | $254,084 |
| Average Home Value | $300,757 |
Housing Distribution
Address Breakdown
Residential
6,345
Single Family
5,964
Multi-Family
381
Businesses
586
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