467 Morse Point RdPort HaywoodVA23138
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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
Rental property for sale in Port Haywood at 467 Morse Point Rd, Port Haywood, VA, 23138 priced at $575,000 converts $2,916/mo rent into after a $2,814/mo obligation. Total monthly income equals $2,916/mo. Return on cash invested prints 16.76% in year one, and rental yield reads 6.09% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 85.64% and total cumulative return in cash sums $162,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,916/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23138, Port Haywood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 819 (100%) |
| Owner Occupied HU | 428 (52.3%) |
| Renter Occupied HU | 85 (10.4%) |
| Vacant Housing Units | 306 (37.4%) |
| Median Home Value | $386,250 |
| Average Home Value | $451,688 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
401
Multi-Family
0
Businesses
26
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Listed by: Jena Simpson • Long & Foster REALTORS
Mls Name: CVRMLS
Mls ID: #2521922