470 Algonquin RdHamptonVA23661
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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 Hampton at 470 Algonquin Rd, Hampton, VA, 23661 generates $2,510/mo in rent and, after a $1,542/mo payment, leaves $627/mo in cash flow. Total monthly income is $2,510/mo, and annual cash flow is $7,521/yr on $104,423 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 9.56% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 141.19% and total cumulative return in cash sums $147,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,510/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23661, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,524 (100%) |
| Owner Occupied HU | 3,794 (58.2%) |
| Renter Occupied HU | 2,150 (33.0%) |
| Vacant Housing Units | 580 ( 8.9%) |
| Median Home Value | $254,084 |
| Average Home Value | $300,757 |
Housing Distribution
Address Breakdown
Residential
6,345
Single Family
5,964
Multi-Family
381
Businesses
586
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