6 Cherry Acres DrHamptonVA23669
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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 Hampton at 6 Cherry Acres Dr, Hampton, VA, 23669 uses $82,875 cash to close to unlock $3,374/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,776/mo, and a $1,224/mo payment keeps the spread at $281/mo. Purchase price stands at $250,000, and rental yield measures 8.52% with $1,776/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 124.44% and total cumulative return in cash records $103,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,776/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23669, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,491 (100%) |
| Owner Occupied HU | 10,118 (54.7%) |
| Renter Occupied HU | 7,002 (37.9%) |
| Vacant Housing Units | 1,371 ( 7.4%) |
| Median Home Value | $283,061 |
| Average Home Value | $305,229 |
Housing Distribution
Address Breakdown
Residential
17,739
Single Family
15,766
Multi-Family
1,973
Businesses
777
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