278 Chesapeake Watch RdDeltavilleVA23043
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 Deltaville at 278 Chesapeake Watch Rd, Deltaville, VA, 23043 generates $2,204/mo in rent, after a $1,955/mo payment. Total monthly income is $2,204/mo. Return on cash invested sits at 13.58% in year one, and rental yield is 6.62% on a $399,450 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation builds toward $110,361 over five years. Five-year ROI reaches 70.32% and total cumulative return in cash sums $93,119. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,204/mo property income rather than buyer’s personal income.
Condo
Built in 2004
1,742 sqft lot
$N/A/sqft
$515 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: Mckann Payne • Isabell K. Horsley R. E., Ltd.
Mls Name: Northern Neck AOR
Mls ID: #118547
Disclaimer: Copyright Northern Neck Association of Realtors. All rights reserved. Listing information is deemed reliable, but not guaranteed.