271 Corrotoman DrLancasterVA22503
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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 Lancaster at 271 Corrotoman Dr, Lancaster, VA, 22503 with 5% annual appreciation on a $210,000 basis while $1,508/mo rent supports operations. Total monthly income totals $1,508/mo and a $1,028/mo payment preserves $188/mo for cash returns. Annual cash flow comes to $2,250/yr on $69,615 deployed, and return on cash invested reaches 23.14% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 8.62%. Five-year ROI measures 120.32% and total cumulative return in cash totals $83,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,508/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
1.03 Acres lot
$N/A/sqft
$780 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22503, Lancaster, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 1,619 (56.3%) |
| Renter Occupied HU | 292 (10.1%) |
| Vacant Housing Units | 966 (33.6%) |
| Median Home Value | $340,734 |
| Average Home Value | $399,256 |
Housing Distribution
Address Breakdown
Residential
2,139
Single Family
2,139
Multi-Family
0
Businesses
80
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Listed by: Anjelica Crockett • Middle Bay Realty
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2419927
Disclaimer: All or a portion of the multiple Listing information is provided by the CBRAR Property Services, Inc. Multiple Listing Service, from a copyrighted compilation of Listings. All CBRAR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2024 CBRAR Property Services, Inc. All rights reserved.