116 Alaric DrHamptonVA23664
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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
Rental property for sale in Hampton at 116 Alaric Dr, Hampton, VA, 23664 generates $2,779/mo in rent and, after a $1,446/mo payment, leaves $1,013/mo in cash flow. Total monthly income is $2,779/mo, and annual cash flow is $12,154/yr on $97,958 invested. Return on cash invested sits at 32.32% in year one, and rental yield is 11.29% on a $295,500 entry. Equity gained on principal adds $1,907/yr, while 5% annual appreciation builds toward $81,641 over five years. Five-year ROI reaches 169.09% and total cumulative return in cash sums $165,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,779/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23664, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,748 (100%) |
| Owner Occupied HU | 3,045 (64.1%) |
| Renter Occupied HU | 1,246 (26.2%) |
| Vacant Housing Units | 457 ( 9.6%) |
| Median Home Value | $368,693 |
| Average Home Value | $409,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,426
Multi-Family
212
Businesses
53
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