3408 West BroadwayHopewellVA23860
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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 3408 West Broadway, Hopewell, VA, 23860 generates $2,988/mo in rent and, after a $1,125/mo payment, leaves $1,534/mo in cash flow. Total monthly income is $2,988/mo, and annual cash flow is $18,406/yr on $76,212 invested. Return on cash invested sits at 44.06% in year one, and rental yield is 15.6% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 232.55% and total cumulative return in cash sums $177,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,988/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,099 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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