304 Hempstead RdWilliamsburgVA23188
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 Williamsburg at 304 Hempstead Rd, Williamsburg, VA, 23188 priced at $625,000 pairs $3,965/mo rent with $229/mo cash flow after a $3,059/mo payment. Total monthly income equals $3,965/mo, and annual cash flow comes to $2,747/yr on $205,625 invested. Return on cash invested is 21.4% in year one, and rental yield stands at 7.61% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 110.5% and total cumulative return in cash reaches $227,209. For financing, Ziffy Mortgage’s DSCR program evaluates $3,965/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23188, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,339 (100%) |
| Owner Occupied HU | 15,425 (69.0%) |
| Renter Occupied HU | 5,519 (24.7%) |
| Vacant Housing Units | 1,395 ( 6.2%) |
| Median Home Value | $472,264 |
| Average Home Value | $521,600 |
Housing Distribution
Address Breakdown
Residential
21,377
Single Family
19,247
Multi-Family
2,130
Businesses
1,661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kavaris Harrell-Mitchell • 1st Class R E - Equity Group
Mls Name: REIN Inc.
Mls ID: #10608087