609 Meadow DrTappahannockVA22560
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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 Tappahannock at 609 Meadow Dr, Tappahannock, VA, 22560 uses $132,269 cash to close to unlock $1,257/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,953/mo payment keeps the spread at $105/mo. Purchase price stands at $399,000, and rental yield measures 7.49% with $2,490/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 107.66% and total cumulative return in cash records $142,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 2004
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22560, Tappahannock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,588 (100%) |
| Owner Occupied HU | 2,081 (58.0%) |
| Renter Occupied HU | 933 (26.0%) |
| Vacant Housing Units | 574 (16.0%) |
| Median Home Value | $273,043 |
| Average Home Value | $306,013 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,161
Multi-Family
44
Businesses
358
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Listed by: Crystal Battinelli • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: Bright MLS
Mls ID: #VAES2002104