617 Wakefield DrColonial BeachVA22443
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
Rental property for sale in Colonial Beach at 617 Wakefield Dr, Colonial Beach, VA, 22443 priced at $330,000 converts $2,621/mo rent into $649/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,621/mo, and annual cash flow totals $7,782/yr on $109,395 invested. Return on cash invested prints 27.02% in year one, and rental yield reads 9.53% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 140.74% and total cumulative return in cash sums $153,959. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,621/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22443, Colonial Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,839 (100%) |
| Owner Occupied HU | 3,383 (57.9%) |
| Renter Occupied HU | 1,082 (18.5%) |
| Vacant Housing Units | 1,374 (23.5%) |
| Median Home Value | $271,363 |
| Average Home Value | $347,355 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,873
Multi-Family
52
Businesses
254
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Listed by: Jessica Cornejo • Samson Properties
Mls Name: Bright MLS
Mls ID: #VAWE2010314