3918 Glacier Bay CtHopewellVA23860
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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 Hopewell at 3918 Glacier Bay Ct, Hopewell, VA, 23860 uses $117,683 cash to close to unlock $1,577/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $2,254/mo, and a $1,738/mo payment keeps the spread at $131/mo. Purchase price stands at $355,000, and rental yield measures 7.62% with $2,254/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 109.78% and total cumulative return in cash records $129,192. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,254/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 2017
1,589 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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