1120 Settlers Landing DrTappahannockVA22560
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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 Tappahannock at 1120 Settlers Landing Dr, Tappahannock, VA, 22560 uses $72,930 cash to close to unlock $6,416/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $1,077/mo payment keeps the spread at $535/mo. Purchase price stands at $220,000, and rental yield measures 10.91% with $2,000/mo rent. Return on cash invested shows 28.71% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 150.64% and total cumulative return in cash records $109,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$450 quarterly 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: Jennifer Lynn Bacon • Tiffany Properties Realty, LLC
Mls Name: Northern Neck AOR
Mls ID: #118595
Disclaimer: Copyright Northern Neck Association of Realtors. All rights reserved. Listing information is deemed reliable, but not guaranteed.