116 E Westover AveColonial HeightsVA23834
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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 Colonial Heights at 116 E Westover Ave, Colonial Heights, VA, 23834 uses $62,985 cash to close to unlock $6,866/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $1,708/mo, and a $930/mo payment keeps the spread at $572/mo. Purchase price stands at $190,000, and rental yield measures 10.79% with $1,708/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 161.11% and total cumulative return in cash records $101,472. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,708/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Kelly Painschab • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2530848