2824 Spencerwood DrPowhatanVA23139
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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 Powhatan at 2824 Spencerwood Dr, Powhatan, VA, 23139 earns $332/mo cash flow from $2,872/mo rent with a $2,080/mo payment. Total monthly income totals $2,872/mo, and annual cash flow totals $3,979/yr on $140,888 capital. ROI tracks 22.73% on current figures, and rental yield reads 8.11% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 117.72% and total cumulative return in cash sums $165,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,872/mo property income instead of your personal income.
Single Family
Built in 1993
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23139, Powhatan, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,219 (100%) |
| Owner Occupied HU | 9,844 (87.7%) |
| Renter Occupied HU | 971 ( 8.7%) |
| Vacant Housing Units | 404 ( 3.6%) |
| Median Home Value | $435,707 |
| Average Home Value | $493,294 |
Housing Distribution
Address Breakdown
Residential
11,097
Single Family
11,096
Multi-Family
1
Businesses
780
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