128 Prince StTappahannockVA22560
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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 Tappahannock at 128 Prince St, Tappahannock, VA, 22560 priced at $469,900 converts $2,088/mo rent into after a $2,300/mo obligation. Total monthly income equals $2,088/mo. Return on cash invested prints 14.35% in year one, and rental yield reads 5.33% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. Five-year ROI reaches 72.77% and total cumulative return in cash sums $113,354. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,088/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A 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: Rachel Douglas • Hometown Realty
Mls Name: Northern Neck AOR
Mls ID: #119833