199 Waterfront Dr, Raphine, VA, 24472 | 6.56% Rental Yield

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199 Waterfront Dr, Raphine, VA, 24472 | 6.56% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Raphine at 199 Waterfront Dr, Raphine, VA, 24472 priced at $460,990 pairs $2,520/mo rent with after a $2,256/mo payment. Total monthly income equals $2,520/mo. Return on cash invested is 18.06% in year one, and rental yield stands at 6.56% on a $460,990 basis. Equity gained on principal adds $2,975/yr, and 5% annual appreciation accumulates to $127,363 by year five. Five-year ROI measures 92.65% and total cumulative return in cash reaches $141,588. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $2,256/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Neuville. This 2161 sq ft home sits on a half-acre lot and offers a modern and spacious open-concept living space all on one level, complete with a large great room, kitchen with large center island and walk-in pantry, and laundry room. A large primary suite features a sizeable walk-in closet and a full bath with separate vanities. In addition, a full bathroom and 3 additional bedrooms complete the main floor. In the basement, a large rec room completes the home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24472, Raphine, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,235 (100%)
Owner Occupied HU	812 (65.7%)
Renter Occupied HU	218 (17.7%)
Vacant Housing Units	205 (16.6%)
Median Home Value	$335,714
Average Home Value	$365,810