1502 Promenade LnWilliamsburgVA23185
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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 Williamsburg at 1502 Promenade Ln, Williamsburg, VA, 23185 listed at $412,000 pairs $3,592/mo rent with a $2,017/mo payment to leave $1,129/mo cash flow. Total monthly income runs $3,592/mo, and annual cash flow reaches $13,544/yr on $136,578 cash to close. Return on cash invested measures 29.83% in year one, and rental yield registers 10.46% at a $412,000 basis. Equity gained on principal adds $2,659/yr, and annual property appreciation at 5% supports $113,828 by year five. Five-year ROI tracks 155.76% and total cumulative return in cash totals $212,727. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,592/mo property income relative to a $2,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
2,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23185, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,416 (100%) |
| Owner Occupied HU | 14,446 (61.7%) |
| Renter Occupied HU | 6,571 (28.1%) |
| Vacant Housing Units | 2,399 (10.2%) |
| Median Home Value | $462,783 |
| Average Home Value | $556,229 |
Housing Distribution
Address Breakdown
Residential
21,874
Single Family
19,466
Multi-Family
2,408
Businesses
1,505
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Listed by: Diane Steele • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10598318