602 Stonewall AveHopewellVA23860
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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 Hopewell at 602 Stonewall Ave, Hopewell, VA, 23860 listed at $169,950 pairs $1,327/mo rent with a $832/mo payment to leave $311/mo cash flow. Total monthly income runs $1,327/mo, and annual cash flow reaches $3,731/yr on $56,338 cash to close. Return on cash invested measures 26.53% in year one, and rental yield registers 9.37% at a $169,950 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,954 by year five. Five-year ROI tracks 138.08% and total cumulative return in cash totals $77,789. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,327/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
6,821 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23860, Hopewell, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,663 (100%) |
| Owner Occupied HU | 6,703 (52.9%) |
| Renter Occupied HU | 4,722 (37.3%) |
| Vacant Housing Units | 1,238 ( 9.8%) |
| Median Home Value | $212,882 |
| Average Home Value | $239,747 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,559
Multi-Family
554
Businesses
803
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