116 Cobblestone DrHopewellVA23860
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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 Hopewell at 116 Cobblestone Dr, Hopewell, VA, 23860 offers $2,383/mo rent that, after a $1,662/mo payment, leaves $353/mo cash flow. Total monthly income is $2,383/mo, and annual cash flow is $4,239/yr on $112,544 cash. Return on cash invested measures 23.68% in year one, and rental yield stands at 8.42% at a $339,500 entry. Equity gained on principal adds $2,191/yr while 5% annual appreciation compounds into $93,798 by year five. Five-year ROI records 122.79% and total cumulative return in cash reaches $138,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,383/mo property income versus a $1,662/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,135 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23860, Hopewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,663 (100%) |
| Owner Occupied HU | 6,703 (52.9%) |
| Renter Occupied HU | 4,722 (37.3%) |
| Vacant Housing Units | 1,238 ( 9.8%) |
| Median Home Value | $212,882 |
| Average Home Value | $239,747 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,559
Multi-Family
554
Businesses
803
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