344 Cottage Cove WayLancasterVA22503
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 Lancaster at 344 Cottage Cove Way, Lancaster, VA, 22503 offers $1,139/mo rent that, after a $1,468/mo payment. Total monthly income is $1,139/mo. Return on cash invested measures 12.02% in year one, and rental yield stands at 4.56% at a $299,950 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,871 by year five. Five-year ROI records 60.29% and total cumulative return in cash reaches $59,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,139/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1934
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22503, Lancaster, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 1,619 (56.3%) |
| Renter Occupied HU | 292 (10.1%) |
| Vacant Housing Units | 966 (33.6%) |
| Median Home Value | $340,734 |
| Average Home Value | $399,256 |
Housing Distribution
Address Breakdown
Residential
2,139
Single Family
2,139
Multi-Family
0
Businesses
80
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Listed by: Cole Atkins • Providence Hill Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2514023
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 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.