18731 Johnsons Landing RdParksleyVA23421
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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 Parksley at 18731 Johnsons Landing Rd, Parksley, VA, 23421 generates $1,440/mo in rent, after a $3,035/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 6.73% in year one, and rental yield is 2.79% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 31.85% and total cumulative return in cash sums $64,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23421, Parksley, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,007 (50.3%) |
| Renter Occupied HU | 609 (30.4%) |
| Vacant Housing Units | 387 (19.3%) |
| Median Home Value | $215,559 |
| Average Home Value | $258,784 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
836
Multi-Family
92
Businesses
69
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