3516 Merestep WayToanoVA23168
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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 Toano at 3516 Merestep Way, Toano, VA, 23168 uses $154,148 cash to close to unlock $7,995/yr annual cash flow and $666/mo monthly cash flow. Total monthly income runs $3,446/mo, and a $2,276/mo payment keeps the spread at $666/mo. Purchase price stands at $465,000, and rental yield measures 8.89% with $3,446/mo rent. Return on cash invested shows 25.1% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash records $200,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,446/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Single Family
Built in 2010
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23168, Toano, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,337 (100%) |
| Owner Occupied HU | 2,804 (84.0%) |
| Renter Occupied HU | 388 (11.6%) |
| Vacant Housing Units | 145 ( 4.3%) |
| Median Home Value | $449,051 |
| Average Home Value | $550,194 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,516
Multi-Family
0
Businesses
199
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