206 N 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
Investment property for sale in Hopewell at 206 N Mesa Dr, Hopewell, VA, 23860 earns $1,045/mo cash flow from $2,794/mo rent with a $1,432/mo payment. Total monthly income totals $2,794/mo, and annual cash flow totals $12,541/yr on $96,964 capital. ROI tracks 32.84% on current figures, and rental yield reads 11.46% at a $292,500 purchase. Equity gained on principal adds $1,887/yr, and 5% annual appreciation supports $80,812 over five years. Five-year ROI reaches 171.97% and total cumulative return in cash sums $166,749. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,794/mo property income instead of your personal income.
Single Family
Built in 1956
9,748 sqft 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
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Listed by: Corey Chandler • EXP Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423050
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.