1602 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 1602 Promenade Ln, Williamsburg, VA, 23185 earns $667/mo cash flow from $2,968/mo rent with a $1,884/mo payment. Total monthly income totals $2,968/mo, and annual cash flow totals $8,003/yr on $127,628 capital. ROI tracks 26.18% on current figures, and rental yield reads 9.25% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 136.18% and total cumulative return in cash sums $173,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,968/mo property income instead of your personal income.
Condo
Built in 2019
N/A 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: Melissa Lampson • RE/MAX Connect
Mls Name: REIN Inc.
Mls ID: #10603637