271-2A Chesapeake Watch RdDeltavilleVA23043
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 271-2A Chesapeake Watch Rd, Deltaville, VA, 23043 in Deltaville at $389,000 earns $2,903/mo in rent and nets $77/mo after the $1,749/mo payment, a 8.95% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $107,474 over five years. Ziffy Mortgage underwrites this on a 1.66 DSCR without U.S. credit history. With $3,583/yr in principal paydown, total projected return reaches $154,353.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $77 | $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 | $2,903 |
| Total Monthly Debt Service | $2,671 |
| DSCR Ratio | 1.09x |
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.
Condo
Built in 2004
2,178 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23043, Deltaville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 641 (39.7%) |
| Renter Occupied HU | 132 ( 8.2%) |
| Vacant Housing Units | 842 (52.1%) |
| Median Home Value | $410,507 |
| Average Home Value | $459,832 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
832
Multi-Family
0
Businesses
127
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
Condo
Built in 2004
2,178 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23043, Deltaville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 641 (39.7%) |
| Renter Occupied HU | 132 ( 8.2%) |
| Vacant Housing Units | 842 (52.1%) |
| Median Home Value | $410,507 |
| Average Home Value | $459,832 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
832
Multi-Family
0
Businesses
127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Neena Rodgers • Isabell K. Horsley R. E., Ltd.
Mls Name: Northern Neck AOR
Mls ID: #117791
Disclaimer: Copyright Northern Neck Association of Realtors. All rights reserved. Listing information is deemed reliable, but not guaranteed.