218 Warehams PointWilliamsburgVA23185
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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 Williamsburg at 218 Warehams Point, Williamsburg, VA, 23185 with 5% annual appreciation on a $732,000 basis while $4,200/mo rent supports operations. 9% in year one. Equity gained on principal adds $4,723/yr, and five-year appreciation sums $202,238 alongside rental yield of 6.89%. Five-year ROI measures 82.24% and total cumulative return in cash totals $198,054. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,200/mo property income versus a $3,583/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1992
5,052 sqft lot
$N/A/sqft
$658 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23185, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,416 (100%) |
| Owner Occupied HU | 14,446 (61.7%) |
| Renter Occupied HU | 6,571 (28.1%) |
| Vacant Housing Units | 2,399 (10.2%) |
| Median Home Value | $462,783 |
| Average Home Value | $556,229 |
Housing Distribution
Address Breakdown
Residential
21,874
Single Family
19,466
Multi-Family
2,408
Businesses
1,505
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Listed by: Stephen Wesson • Long & Foster Real Estate, Inc.
Mls Name: WMLS
Mls Provider:
Mls ID: #2502035
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2025 WMLS. All rights reserved.