3209 Walnut StHopewellVA23860
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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 Hopewell at 3209 Walnut St, Hopewell, VA, 23860 generates $3,014/mo in rent and, after a $1,955/mo payment, leaves $626/mo in cash flow. Total monthly income is $3,014/mo, and annual cash flow is $7,515/yr on $132,434 invested. Return on cash invested sits at 25.58% in year one, and rental yield is 9.05% on a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation builds toward $110,374 over five years. Five-year ROI reaches 133.02% and total cumulative return in cash sums $176,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,014/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23860, Hopewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,663 (100%) |
| Owner Occupied HU | 6,703 (52.9%) |
| Renter Occupied HU | 4,722 (37.3%) |
| Vacant Housing Units | 1,238 ( 9.8%) |
| Median Home Value | $212,882 |
| Average Home Value | $239,747 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,559
Multi-Family
554
Businesses
803
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