237 Mildred DrWilliamsburgVA23188
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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 237 Mildred Dr, Williamsburg, VA, 23188 priced at $390,000 converts $3,040/mo rent into $709/mo cash flow after a $1,909/mo obligation. Total monthly income equals $3,040/mo, and annual cash flow totals $8,502/yr on $129,285 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 9.35% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 137.84% and total cumulative return in cash sums $178,208. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,040/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2021
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23188, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,339 (100%) |
| Owner Occupied HU | 15,425 (69.0%) |
| Renter Occupied HU | 5,519 (24.7%) |
| Vacant Housing Units | 1,395 ( 6.2%) |
| Median Home Value | $472,264 |
| Average Home Value | $521,600 |
Housing Distribution
Address Breakdown
Residential
21,377
Single Family
19,247
Multi-Family
2,130
Businesses
1,661
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Listed by: Jesse Meadows • Shaheen Ruth Martin & Fonville
Mls Name: REIN Inc.
Mls ID: #10610049