1399 Mercer RdGloucester PointVA23062
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Gloucester Point rental at 1399 Mercer Rd, Gloucester Point, VA, 23062 sits in the solid-income band: 8.69% gross yield, $2,168/mo rent, $378/mo net after the $1,347/mo debt service, DSCR 1.61. Entry price of $299,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $82,746 and $2,758/yr in principal reduction bring total cumulative return to $137,600.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $378 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,168 |
| Total Monthly Debt Service | $1,671 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23062, Gloucester Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 858 (63.1%) |
| Renter Occupied HU | 380 (27.9%) |
| Vacant Housing Units | 122 ( 9.0%) |
| Median Home Value | $298,985 |
| Average Home Value | $322,809 |
Housing Distribution
Address Breakdown
Residential
1,076
Single Family
1,021
Multi-Family
55
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23062, Gloucester Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 858 (63.1%) |
| Renter Occupied HU | 380 (27.9%) |
| Vacant Housing Units | 122 ( 9.0%) |
| Median Home Value | $298,985 |
| Average Home Value | $322,809 |
Housing Distribution
Address Breakdown
Residential
1,076
Single Family
1,021
Multi-Family
55
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: REIN Inc.
Mls ID: #10623057