2496 Little Creek Dam RdToanoVA23168
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2496 Little Creek Dam Rd, Toano, VA, 23168 in Toano speaks for itself: 13.73% gross on a $169,900 price, generating $1,944/mo in rent and $928/mo in net income after the $764/mo debt service. DSCR 2.54, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,140 stacks alongside $46,940 in projected five-year appreciation and $1,565/yr in principal reduction. Projected total cumulative return: $123,999.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.2% |
| Monthly Cash Flow | $928 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,944 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 2.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23168, Toano, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,337 (100%) |
| Owner Occupied HU | 2,804 (84.0%) |
| Renter Occupied HU | 388 (11.6%) |
| Vacant Housing Units | 145 ( 4.3%) |
| Median Home Value | $449,051 |
| Average Home Value | $550,194 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,516
Multi-Family
0
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Lot
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23168, Toano, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,337 (100%) |
| Owner Occupied HU | 2,804 (84.0%) |
| Renter Occupied HU | 388 (11.6%) |
| Vacant Housing Units | 145 ( 4.3%) |
| Median Home Value | $449,051 |
| Average Home Value | $550,194 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,516
Multi-Family
0
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Miller • Towne & Country Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2414958
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.