3406 Norton StHopewellVA23860
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 Hopewell at 3406 Norton St, Hopewell, VA, 23860 priced at $244,950 pairs $1,819/mo rent with $355/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,819/mo, and annual cash flow comes to $4,256/yr on $81,201 invested. Return on cash invested is 25.15% in year one, and rental yield stands at 8.91% on a $244,950 basis. Equity gained on principal adds $1,581/yr, and 5% annual appreciation accumulates to $67,675 by year five. Five-year ROI measures 130.69% and total cumulative return in cash reaches $106,124. For financing, Ziffy Mortgage’s DSCR program evaluates $1,819/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
7,801 sqft 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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Listed by: Brendan Scanlon • Allison James Estates & Homes
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427316
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.