28121 Pitts Creek RdNew ChurchVA23415
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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 New Church at 28121 Pitts Creek Rd, New Church, VA, 23415 uses $140,888 cash to close to unlock $1,735/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,685/mo, and a $2,080/mo payment keeps the spread at $145/mo. Purchase price stands at $425,000, and rental yield measures 7.58% with $2,685/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 109.17% and total cumulative return in cash records $153,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,685/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Manufactured
Built in 2009
26.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23415, New Church, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,168 (100%) |
| Owner Occupied HU | 981 (31.0%) |
| Renter Occupied HU | 430 (13.6%) |
| Vacant Housing Units | 1,757 (55.5%) |
| Median Home Value | $204,241 |
| Average Home Value | $345,413 |
Housing Distribution
Address Breakdown
Residential
655
Single Family
655
Multi-Family
0
Businesses
62
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Listed by: Robert Faith, Abr • DOCKSIDE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #62052
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.