1189 Island Point RdHeathsvilleVA22473
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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 Heathsville at 1189 Island Point Rd, Heathsville, VA, 22473 earns $393/mo cash flow from $2,574/mo rent with a $1,786/mo payment. Total monthly income totals $2,574/mo, and annual cash flow totals $4,711/yr on $120,998 capital. ROI tracks 23.8% on current figures, and rental yield reads 8.46% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash sums $149,371. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,574/mo property income instead of your personal income.
Single Family
Built in 2005
3.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22473, Heathsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,005 (100%) |
| Owner Occupied HU | 2,168 (54.1%) |
| Renter Occupied HU | 308 ( 7.7%) |
| Vacant Housing Units | 1,529 (38.2%) |
| Median Home Value | $363,682 |
| Average Home Value | $428,539 |
Housing Distribution
Address Breakdown
Residential
2,780
Single Family
2,752
Multi-Family
28
Businesses
120
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Listed by: Thomas J. Kimmitt, Iv • Middle Bay Realty - K
Mls Name: Northern Neck AOR
Mls ID: #119192