1104 Terrace AveHopewellVA23860
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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 1104 Terrace Ave, Hopewell, VA, 23860 earns $366/mo cash flow from $1,490/mo rent with a $920/mo payment. Total monthly income totals $1,490/mo, and annual cash flow totals $4,396/yr on $62,322 capital. ROI tracks 26.96% on current figures, and rental yield reads 9.51% at a $188,000 purchase. Equity gained on principal adds $1,213/yr, and 5% annual appreciation supports $51,941 over five years. Five-year ROI reaches 140.44% and total cumulative return in cash sums $87,524. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,490/mo property income instead of your personal income.
Single Family
Built in 1988
8,637 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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