1103 Burnside StHopewellVA23860
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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 Hopewell at 1103 Burnside St, Hopewell, VA, 23860 listed at $299,890 pairs $2,184/mo rent with a $1,468/mo payment to leave $391/mo cash flow. Total monthly income runs $2,184/mo, and annual cash flow reaches $4,693/yr on $99,414 cash to close. Return on cash invested measures 24.63% in year one, and rental yield registers 8.74% at a $299,890 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,854 by year five. Five-year ROI tracks 127.92% and total cumulative return in cash totals $127,165. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,184/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23860, Hopewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,663 (100%) |
| Owner Occupied HU | 6,703 (52.9%) |
| Renter Occupied HU | 4,722 (37.3%) |
| Vacant Housing Units | 1,238 ( 9.8%) |
| Median Home Value | $212,882 |
| Average Home Value | $239,747 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,559
Multi-Family
554
Businesses
803
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