278 Chesapeake Watch Rd APT 13BDeltavilleVA23043
Nearby investment properties with comparable rents
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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
Rental property for sale in Deltaville at 278 Chesapeake Watch Rd APT 13B, Deltaville, VA, 23043 generates $2,609/mo in rent, after a $1,958/mo payment. Total monthly income is $2,609/mo. Return on cash invested sits at 17.35% in year one, and rental yield is 7.83% on a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 90.51% and total cumulative return in cash sums $120,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,609/mo property income rather than buyer’s personal income.
Townhouse
Built in 2004
1,589 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
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Nearby investment properties with comparable prices
Listed by: Monte Todd • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424998
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.