2902 Queens Path #29-02WilliamsburgVA23185
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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 Williamsburg at 2902 Queens Path #29-02, Williamsburg, VA, 23185 generates $3,550/mo in rent and, after a $2,080/mo payment, leaves $1,010/mo in cash flow. Total monthly income is $3,550/mo, and annual cash flow is $12,115/yr on $140,888 invested. Return on cash invested sits at 28.51% in year one, and rental yield is 10.02% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 148.68% and total cumulative return in cash sums $209,477. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,550/mo property income rather than buyer’s personal income.
Condo
Built in 2017
8,010 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23185, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,416 (100%) |
| Owner Occupied HU | 14,446 (61.7%) |
| Renter Occupied HU | 6,571 (28.1%) |
| Vacant Housing Units | 2,399 (10.2%) |
| Median Home Value | $462,783 |
| Average Home Value | $556,229 |
Housing Distribution
Address Breakdown
Residential
21,874
Single Family
19,466
Multi-Family
2,408
Businesses
1,505
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Listed by: Joshua Bowen • Jamestown Realty Group, LLC
Mls Name: WMLS
Mls ID: #2503547