307 Promenade LnWilliamsburgVA23185
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 Williamsburg at 307 Promenade Ln, Williamsburg, VA, 23185 earns $513/mo cash flow from $2,804/mo rent with a $1,708/mo payment. Total monthly income totals $2,804/mo, and annual cash flow totals $6,155/yr on $115,694 capital. ROI tracks 25.23% on current figures, and rental yield reads 9.64% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash sums $152,556. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,804/mo property income instead of your personal income.
Condo
Built in 2019
888.62 sqft lot
$N/A/sqft
$205 monthly 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: Charlotte Jones • Coldwell Banker Traditions
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428302
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.