2 Drake CtHamptonVA23666
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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 Hampton at 2 Drake Ct, Hampton, VA, 23666 uses $114,666 cash to close to unlock $9,987/yr annual cash flow and $832/mo monthly cash flow. Total monthly income runs $2,900/mo, and a $1,693/mo payment keeps the spread at $832/mo. Purchase price stands at $345,900, and rental yield measures 10.06% with $2,900/mo rent. Return on cash invested shows 28.62% in year one, and 5% annual appreciation builds toward $95,566 over five years. Five-year ROI reaches 149.3% and total cumulative return in cash records $171,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,900/mo property income covering a $1,693/mo payment rather than investor’s personal income.
Single Family
Built in 1993
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23666, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,061 (100%) |
| Owner Occupied HU | 12,157 (46.6%) |
| Renter Occupied HU | 12,126 (46.5%) |
| Vacant Housing Units | 1,778 ( 6.8%) |
| Median Home Value | $271,054 |
| Average Home Value | $296,176 |
Housing Distribution
Address Breakdown
Residential
24,997
Single Family
20,308
Multi-Family
4,689
Businesses
1,561
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