115 Piedmont AveHamptonVA23661
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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 Hampton at 115 Piedmont Ave, Hampton, VA, 23661 uses $92,787 cash to close to unlock $8,445/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,377/mo, and a $1,370/mo payment keeps the spread at $704/mo. Purchase price stands at $279,900, and rental yield measures 10.19% with $2,377/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 151.37% and total cumulative return in cash records $140,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1994
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23661, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,524 (100%) |
| Owner Occupied HU | 3,794 (58.2%) |
| Renter Occupied HU | 2,150 (33.0%) |
| Vacant Housing Units | 580 ( 8.9%) |
| Median Home Value | $254,084 |
| Average Home Value | $300,757 |
Housing Distribution
Address Breakdown
Residential
6,345
Single Family
5,964
Multi-Family
381
Businesses
586
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