23 Clemwood PkwyHamptonVA23669
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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 Hampton at 23 Clemwood Pkwy, Hampton, VA, 23669 uses $96,102 cash to close to unlock $4,595/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,116/mo, and a $1,419/mo payment keeps the spread at $383/mo. Purchase price stands at $289,900, and rental yield measures 8.76% with $2,116/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 128.2% and total cumulative return in cash records $123,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,116/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,474 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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