140 Morris Creek LnMathewsVA23109
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
Investment Highlights
Rental property for sale in Mathews at 140 Morris Creek Ln, Mathews, VA, 23109 generates $3,371/mo in rent, after a $5,359/mo payment. Total monthly income is $3,371/mo. Return on cash invested sits at 9.63% in year one, and rental yield is 3.69% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 47.35% and total cumulative return in cash sums $167,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,371/mo property income rather than buyer’s personal income.
Single Family
Built in 1885
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23109, Mathews, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 559 (68.4%) |
| Renter Occupied HU | 89 (10.9%) |
| Vacant Housing Units | 169 (20.7%) |
| Median Home Value | $567,111 |
| Average Home Value | $573,019 |
Housing Distribution
Address Breakdown
Residential
610
Single Family
610
Multi-Family
0
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices