29129 Mitchell DrParksleyVA23421
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
Investment property for sale in Parksley at 29129 Mitchell Dr, Parksley, VA, 23421 offers a 2.04% rental yield on a $845,000 purchase with $1,440/mo rent. 47% in year one. Equity gained on principal adds $5,453/yr while 5% annual appreciation supports $233,458 over five years. Portfolio math shows five-year ROI at 19.75% and total cumulative return in cash at $54,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $4,136/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
8.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23421, Parksley, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,007 (50.3%) |
| Renter Occupied HU | 609 (30.4%) |
| Vacant Housing Units | 387 (19.3%) |
| Median Home Value | $215,559 |
| Average Home Value | $258,784 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
836
Multi-Family
92
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Mason • Weichert, Realtors Mason - Davis
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64085
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.