307 Lorraine DrWilliamsburgVA23185
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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 307 Lorraine Dr, Williamsburg, VA, 23185 offers $3,412/mo rent that, after a $2,202/mo payment, leaves $723/mo cash flow. Total monthly income is $3,412/mo, and annual cash flow is $8,671/yr on $149,142 cash. Return on cash invested measures 25.72% in year one, and rental yield stands at 9.1% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 133.74% and total cumulative return in cash reaches $199,462. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,412/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.28 Acres 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: Lynn Llewellyn • RE/MAX Capital
Mls Name: REIN Inc.
Mls ID: #10598183