3052 Mill Gap RdMontereyVA24465
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
Total monthly income runs $3,371/mo, and a $3,891/mo payment. Purchase price stands at $795,000, and rental yield measures 5.09% with $3,371/mo rent. Return on cash invested shows 13.72% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 69.35% and total cumulative return in cash records $181,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,371/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Single Family
Built in 1997
42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24465, Monterey, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 533 (54.5%) |
| Renter Occupied HU | 113 (11.6%) |
| Vacant Housing Units | 332 (33.9%) |
| Median Home Value | $238,393 |
| Average Home Value | $271,857 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
587
Multi-Family
0
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices