1156 Hitchens LnWilliamsburgVA23188
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1156 Hitchens Ln, Williamsburg, VA, 23188 in Williamsburg is a solid income-producing rental, 8.15% gross yield, $2,915/mo rent, $276/mo net cash flow on a $429,000 buy. DSCR 1.51 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $118,525 and $3,951/yr in principal reduction project a total cumulative return of $180,436.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.8% |
| Monthly Cash Flow | $276 | $1,850 |
City averages based on Williamsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,915 |
| Total Monthly Debt Service | $2,468 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
4,268 sqft lot
$N/A/sqft
$74 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23188, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,339 (100%) |
| Owner Occupied HU | 15,425 (69.0%) |
| Renter Occupied HU | 5,519 (24.7%) |
| Vacant Housing Units | 1,395 ( 6.2%) |
| Median Home Value | $472,264 |
| Average Home Value | $521,600 |
Housing Distribution
Address Breakdown
Residential
21,377
Single Family
19,247
Multi-Family
2,130
Businesses
1,661
Nearby investment properties with comparable rents
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
Single Family
Built in 2022
4,268 sqft lot
$N/A/sqft
$74 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23188, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,339 (100%) |
| Owner Occupied HU | 15,425 (69.0%) |
| Renter Occupied HU | 5,519 (24.7%) |
| Vacant Housing Units | 1,395 ( 6.2%) |
| Median Home Value | $472,264 |
| Average Home Value | $521,600 |
Housing Distribution
Address Breakdown
Residential
21,377
Single Family
19,247
Multi-Family
2,130
Businesses
1,661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Clark • Douglas Realty of Virginia, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #2501023
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2025 WMLS. All rights reserved.