221 Woodmere Dr APT BWilliamsburgVA23185
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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 Williamsburg at 221 Woodmere Dr APT B, Williamsburg, VA, 23185 priced at $350,000 converts $2,310/mo rent into $218/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $2,614/yr on $116,025 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 7.92% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 114.65% and total cumulative return in cash sums $133,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 1990
923.47 sqft lot
$N/A/sqft
No 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: Jennifer Mitchell • KW Allegiance
Mls Name: REIN Inc.
Mls ID: #10611277