5731 Kings Ridge RdGloucesterVA23061
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,894/mo, and a $2,575/mo payment. Purchase price stands at $526,000, and rental yield measures 6.6% with $2,894/mo rent. Return on cash invested shows 18.32% in year one, and 5% annual appreciation builds toward $145,324 over five years. Five-year ROI reaches 94.03% and total cumulative return in cash records $162,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,894/mo property income covering a $2,575/mo payment rather than investor’s personal income.
Single Family
Built in 1995
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23061, Gloucester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 7,615 (76.3%) |
| Renter Occupied HU | 1,423 (14.3%) |
| Vacant Housing Units | 944 ( 9.5%) |
| Median Home Value | $364,933 |
| Average Home Value | $435,058 |
Housing Distribution
Address Breakdown
Residential
8,978
Single Family
8,947
Multi-Family
31
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Osborne • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10611339