2723 Goyne TerChesterVA23831
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
Investment Highlights
Rental property for sale in Chester at 2723 Goyne Ter, Chester, VA, 23831 priced at $330,000 converts $2,207/mo rent into $100/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,207/mo, and annual cash flow totals $1,194/yr on $109,395 invested. Return on cash invested prints 21% in year one, and rental yield reads 8.03% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 108.97% and total cumulative return in cash sums $119,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,207/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
3,136 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23831, Chester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,535 (100%) |
| Owner Occupied HU | 10,960 (66.3%) |
| Renter Occupied HU | 4,869 (29.4%) |
| Vacant Housing Units | 706 ( 4.3%) |
| Median Home Value | $358,137 |
| Average Home Value | $420,848 |
Housing Distribution
Address Breakdown
Residential
15,921
Single Family
14,051
Multi-Family
1,870
Businesses
1,142
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Listed by: Kimberly Holmes • Boss Moves Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427070
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.