118 Clements DrTappahannockVA22560
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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 Tappahannock at 118 Clements Dr, Tappahannock, VA, 22560 listed at $354,320 pairs $2,381/mo rent with a $1,734/mo payment to leave $263/mo cash flow. Total monthly income runs $2,381/mo, and annual cash flow reaches $3,158/yr on $117,457 cash to close. Return on cash invested measures 22.6% in year one, and rental yield registers 8.06% at a $354,320 basis. Equity gained on principal adds $2,286/yr, and annual property appreciation at 5% supports $97,892 by year five. Five-year ROI tracks 117.01% and total cumulative return in cash totals $137,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,381/mo property income relative to a $1,734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22560, Tappahannock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,588 (100%) |
| Owner Occupied HU | 2,081 (58.0%) |
| Renter Occupied HU | 933 (26.0%) |
| Vacant Housing Units | 574 (16.0%) |
| Median Home Value | $273,043 |
| Average Home Value | $306,013 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,161
Multi-Family
44
Businesses
358
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Listed by: Januari Coates • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #VAES2002084