344 Wells Ct #2HamptonVA23666
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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
Investment property for sale in Hampton at 344 Wells Ct #2, Hampton, VA, 23666 offers a 9.36% rental yield on a $109,500 purchase with $854/mo rent. Total monthly income registers $854/mo, and a $536/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,392/yr on $36,299 to close, and return on cash invested stands at 26.5% in year one. Equity gained on principal adds $707/yr while 5% annual appreciation supports $30,253 over five years. Portfolio math shows five-year ROI at 138.02% and total cumulative return in cash at $50,099. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $854/mo property income against a $536/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
409.46 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23666, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,061 (100%) |
| Owner Occupied HU | 12,157 (46.6%) |
| Renter Occupied HU | 12,126 (46.5%) |
| Vacant Housing Units | 1,778 ( 6.8%) |
| Median Home Value | $271,054 |
| Average Home Value | $296,176 |
Housing Distribution
Address Breakdown
Residential
24,997
Single Family
20,308
Multi-Family
4,689
Businesses
1,561
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