242 Genoa Dr #20HamptonVA23664
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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 242 Genoa Dr #20, Hampton, VA, 23664 offers a 8.21% rental yield on a $280,000 purchase with $1,916/mo rent. Total monthly income registers $1,916/mo, and a $1,370/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,912/yr on $92,820 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 119.39% and total cumulative return in cash at $110,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,916/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1995
1,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23664, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,748 (100%) |
| Owner Occupied HU | 3,045 (64.1%) |
| Renter Occupied HU | 1,246 (26.2%) |
| Vacant Housing Units | 457 ( 9.6%) |
| Median Home Value | $368,693 |
| Average Home Value | $409,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,426
Multi-Family
212
Businesses
53
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