2 Point Cove LnHardyvilleVA23070
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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 Hardyville at 2 Point Cove Ln, Hardyville, VA, 23070 earns $91/mo cash flow from $2,546/mo rent with a $2,006/mo payment. Total monthly income totals $2,546/mo, and annual cash flow totals $1,086/yr on $135,882 capital. ROI tracks 20.71% on current figures, and rental yield reads 7.45% at a $409,900 purchase. Equity gained on principal adds $2,645/yr, and 5% annual appreciation supports $113,248 over five years. Five-year ROI reaches 106.88% and total cumulative return in cash sums $145,228. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,546/mo property income instead of your personal income.
Single Family
Built in 1986
1.48 Acres lot
$N/A/sqft
$65 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23070, Hardyville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 261 (68.5%) |
| Renter Occupied HU | 31 ( 8.1%) |
| Vacant Housing Units | 89 (23.4%) |
| Median Home Value | $471,250 |
| Average Home Value | $480,134 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
8
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Listed by: Hunter Law • IsaBell K. Horsley Real Estate
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2416910
Disclaimer: All or a portion of the multiple Listing information is provided by the CBRAR Property Services, Inc. Multiple Listing Service, from a copyrighted compilation of Listings. All CBRAR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2024 CBRAR Property Services, Inc. All rights reserved.