6097 Wiatt StGloucesterVA23061
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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
Rental property for sale in Gloucester at 6097 Wiatt St, Gloucester, VA, 23061 priced at $344,900 converts $2,773/mo rent into $711/mo cash flow after a $1,688/mo obligation. Total monthly income equals $2,773/mo, and annual cash flow totals $8,536/yr on $114,334 invested. Return on cash invested prints 27.38% in year one, and rental yield reads 9.65% against a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,290 by year five. Five-year ROI reaches 142.62% and total cumulative return in cash sums $163,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,773/mo property income covering a $1,688/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.83 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
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Listed by: Kyle T. Hause Jr. • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10610447