4308 SprucemontWilliamsburgVA23188
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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 Williamsburg at 4308 Sprucemont, Williamsburg, VA, 23188 offers a 8.43% rental yield on a $425,000 purchase with $2,984/mo rent. Total monthly income registers $2,984/mo, and a $2,080/mo payment leaves $444/mo available for distribution. Annual cash flow reaches $5,323/yr on $140,888 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 122.82% and total cumulative return in cash at $173,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,984/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23188, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,339 (100%) |
| Owner Occupied HU | 15,425 (69.0%) |
| Renter Occupied HU | 5,519 (24.7%) |
| Vacant Housing Units | 1,395 ( 6.2%) |
| Median Home Value | $472,264 |
| Average Home Value | $521,600 |
Housing Distribution
Address Breakdown
Residential
21,377
Single Family
19,247
Multi-Family
2,130
Businesses
1,661
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Listed by: Jason Miller • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10617367