120 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 120 Cobblestone Dr, Hopewell, VA, 23860 priced at $339,500 pairs $2,380/mo rent with $350/mo cash flow after a $1,662/mo payment. Total monthly income equals $2,380/mo, and annual cash flow comes to $4,203/yr on $112,544 invested. Return on cash invested is 23.64% in year one, and rental yield stands at 8.41% on a $339,500 basis. Equity gained on principal adds $2,191/yr, and 5% annual appreciation accumulates to $93,798 by year five. Five-year ROI measures 122.62% and total cumulative return in cash reaches $138,005. For financing, Ziffy Mortgage’s DSCR program evaluates $2,380/mo property income against a $1,662/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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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