502 Richmonds OrdinaryWilliamsburgVA23185
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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
Total monthly income runs $2,484/mo, and a $2,154/mo payment. Purchase price stands at $440,000, and rental yield measures 6.77% with $2,484/mo rent. Return on cash invested shows 18.7% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 96.11% and total cumulative return in cash records $140,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,484/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23185, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,416 (100%) |
| Owner Occupied HU | 14,446 (61.7%) |
| Renter Occupied HU | 6,571 (28.1%) |
| Vacant Housing Units | 2,399 (10.2%) |
| Median Home Value | $462,783 |
| Average Home Value | $556,229 |
Housing Distribution
Address Breakdown
Residential
21,874
Single Family
19,466
Multi-Family
2,408
Businesses
1,505
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Listed by: Catherine Chapman • Kingsmill Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10608051