3 Stephens WayGloucesterVA23061
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 Gloucester at 3 Stephens Way, Gloucester, VA, 23061 offers $2,640/mo rent that, after a $2,716/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 15.61% in year one, and rental yield stands at 5.71% at a $554,990 entry. Equity gained on principal adds $3,581/yr while 5% annual appreciation compounds into $153,334 by year five. Five-year ROI records 79.46% and total cumulative return in cash reaches $145,096. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $2,716/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23061, Gloucester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 7,615 (76.3%) |
| Renter Occupied HU | 1,423 (14.3%) |
| Vacant Housing Units | 944 ( 9.5%) |
| Median Home Value | $364,933 |
| Average Home Value | $435,058 |
Housing Distribution
Address Breakdown
Residential
8,978
Single Family
8,947
Multi-Family
31
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny Lovell • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10590934