211 Rip Rap RdHamptonVA23669
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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
Rental property for sale in Hampton at 211 Rip Rap Rd, Hampton, VA, 23669 priced at $192,500 pairs $1,481/mo rent with $330/mo cash flow after a $942/mo payment. Total monthly income equals $1,481/mo, and annual cash flow comes to $3,966/yr on $63,814 invested. Return on cash invested is 26.12% in year one, and rental yield stands at 9.23% on a $192,500 basis. Equity gained on principal adds $1,242/yr, and 5% annual appreciation accumulates to $53,184 by year five. Five-year ROI measures 135.91% and total cumulative return in cash reaches $86,729. For financing, Ziffy Mortgage’s DSCR program evaluates $1,481/mo property income against a $942/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1932
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23669, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,491 (100%) |
| Owner Occupied HU | 10,118 (54.7%) |
| Renter Occupied HU | 7,002 (37.9%) |
| Vacant Housing Units | 1,371 ( 7.4%) |
| Median Home Value | $283,061 |
| Average Home Value | $305,229 |
Housing Distribution
Address Breakdown
Residential
17,739
Single Family
15,766
Multi-Family
1,973
Businesses
777
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