1117 Irving AveColonial BeachVA22443
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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 Colonial Beach at 1117 Irving Ave, Colonial Beach, VA, 22443 listed at $498,900 pairs $2,299/mo rent with a $2,442/mo payment. Total monthly income runs $2,299/mo. Return on cash invested measures 14.95% in year one, and rental yield registers 5.53% at a $498,900 basis. Equity gained on principal adds $3,219/yr, and annual property appreciation at 5% supports $137,837 by year five. Five-year ROI tracks 75.97% and total cumulative return in cash totals $125,650. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,299/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22443, Colonial Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,839 (100%) |
| Owner Occupied HU | 3,383 (57.9%) |
| Renter Occupied HU | 1,082 (18.5%) |
| Vacant Housing Units | 1,374 (23.5%) |
| Median Home Value | $271,363 |
| Average Home Value | $347,355 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,873
Multi-Family
52
Businesses
254
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Listed by: Jimmy Coates • EXIT Mid-Rivers Realty
Mls Name: Bright MLS
Mls ID: #VAWE2010234