2290 King William RdHanoverVA23069
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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 Hanover at 2290 King William Rd, Hanover, VA, 23069 earns $188/mo cash flow from $2,429/mo rent with a $1,835/mo payment. Total monthly income totals $2,429/mo, and annual cash flow totals $2,253/yr on $124,313 capital. ROI tracks 21.72% on current figures, and rental yield reads 7.77% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 112.28% and total cumulative return in cash sums $139,575. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,429/mo property income instead of your personal income.
Single Family
Built in 1966
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23069, Hanover, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 1,010 (84.2%) |
| Renter Occupied HU | 127 (10.6%) |
| Vacant Housing Units | 62 ( 5.2%) |
| Median Home Value | $395,635 |
| Average Home Value | $445,317 |
Housing Distribution
Address Breakdown
Residential
1,307
Single Family
1,307
Multi-Family
0
Businesses
103
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