308 North StWakefieldVA23888
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 Wakefield at 308 North St, Wakefield, VA, 23888 offers $2,567/mo rent that, after a $1,591/mo payment, leaves $624/mo cash flow. Total monthly income is $2,567/mo, and annual cash flow is $7,487/yr on $107,738 cash. Return on cash invested measures 26.86% in year one, and rental yield stands at 9.48% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 139.83% and total cumulative return in cash reaches $150,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,567/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23888, Wakefield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 688 (60.9%) |
| Renter Occupied HU | 257 (22.8%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $209,756 |
| Average Home Value | $228,623 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
790
Multi-Family
0
Businesses
87
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