16377 Hopeland WayBloxomVA23308
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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
Rental property for sale in Bloxom at 16377 Hopeland Way, Bloxom, VA, 23308 generates $2,575/mo in rent and, after a $2,080/mo payment, leaves $35/mo in cash flow. Total monthly income is $2,575/mo, and annual cash flow is $415/yr on $140,888 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 7.27% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 104.15% and total cumulative return in cash sums $146,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,575/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23308, Bloxom, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,155 (100%) |
| Owner Occupied HU | 660 (57.1%) |
| Renter Occupied HU | 291 (25.2%) |
| Vacant Housing Units | 204 (17.7%) |
| Median Home Value | $230,882 |
| Average Home Value | $307,364 |
Housing Distribution
Address Breakdown
Residential
526
Single Family
526
Multi-Family
0
Businesses
24
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Listed by: Jonah Baker • DOCKSIDE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #62307
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.