6392 Main 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 6392 Main St, Gloucester, VA, 23061 generates $3,413/mo in rent, after a $3,304/mo payment. Total monthly income is $3,413/mo. Return on cash invested sits at 16.7% in year one, and rental yield is 6.07% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 85.3% and total cumulative return in cash sums $189,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,413/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2.01 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: Frank Wingfield • NextHome Coast to Country RE
Mls Name: REIN Inc.
Mls ID: #10614364