204 S Mesa DrHopewellVA23860
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
Rental property for sale in Hopewell at 204 S Mesa Dr, Hopewell, VA, 23860 offers $2,200/mo rent that, after a $1,219/mo payment, leaves $711/mo cash flow. Total monthly income is $2,200/mo, and annual cash flow is $8,535/yr on $82,544 cash. Return on cash invested measures 30.25% in year one, and rental yield stands at 10.6% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 158.06% and total cumulative return in cash reaches $130,472. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,200/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23860, Hopewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,663 (100%) |
| Owner Occupied HU | 6,703 (52.9%) |
| Renter Occupied HU | 4,722 (37.3%) |
| Vacant Housing Units | 1,238 ( 9.8%) |
| Median Home Value | $212,882 |
| Average Home Value | $239,747 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,559
Multi-Family
554
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices