203 Locust AveColonial BeachVA22443
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colonial Beach at 203 Locust Ave, Colonial Beach, VA, 22443 uses $99,450 cash to close to unlock $3,924/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,120/mo, and a $1,468/mo payment keeps the spread at $327/mo. Purchase price stands at $300,000, and rental yield measures 8.48% with $2,120/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 123.7% and total cumulative return in cash records $123,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,120/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22443, Colonial Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,839 (100%) |
| Owner Occupied HU | 3,383 (57.9%) |
| Renter Occupied HU | 1,082 (18.5%) |
| Vacant Housing Units | 1,374 (23.5%) |
| Median Home Value | $271,363 |
| Average Home Value | $347,355 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,873
Multi-Family
52
Businesses
254
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Zywusko • King George Realty
Mls Name: Bright MLS
Mls ID: #VAWE2009124