1523 Steuben RdGloucester PointVA23062
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
Investment property for sale in Gloucester Point at 1523 Steuben Rd, Gloucester Point, VA, 23062 listed at $420,000 pairs $2,975/mo rent with a $2,056/mo payment to leave $464/mo cash flow. Total monthly income runs $2,975/mo, and annual cash flow reaches $5,568/yr on $139,230 cash to close. Return on cash invested measures 23.91% in year one, and rental yield registers 8.5% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 124% and total cumulative return in cash totals $172,639. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,975/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.50 Acres 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: Jessica Pratt • RE/MAX Peninsula
Mls Name: REIN Inc.
Mls ID: #10598515