1113 Dillard StTappahannockVA22560
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Nearby investment properties with comparable prices
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 Tappahannock at 1113 Dillard St, Tappahannock, VA, 22560 uses $114,368 cash to close to unlock $6,075/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $2,569/mo, and a $1,689/mo payment keeps the spread at $506/mo. Purchase price stands at $345,000, and rental yield measures 8.94% with $2,569/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash records $149,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,569/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22560, Tappahannock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,588 (100%) |
| Owner Occupied HU | 2,081 (58.0%) |
| Renter Occupied HU | 933 (26.0%) |
| Vacant Housing Units | 574 (16.0%) |
| Median Home Value | $273,043 |
| Average Home Value | $306,013 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,161
Multi-Family
44
Businesses
358
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Listed by: Wendy Newsome • Middle Bay Realty - K
Mls Name: Northern Neck AOR
Mls ID: #118295