6556 Joyners LnGloucesterVA23061
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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 Gloucester at 6556 Joyners Ln, Gloucester, VA, 23061 listed at $424,000 pairs $2,964/mo rent with a $2,075/mo payment to leave $430/mo cash flow. Total monthly income runs $2,964/mo, and annual cash flow reaches $5,156/yr on $140,556 cash to close. Return on cash invested measures 23.58% in year one, and rental yield registers 8.39% at a $424,000 basis. Equity gained on principal adds $2,736/yr, and annual property appreciation at 5% supports $117,143 by year five. Five-year ROI tracks 122.23% and total cumulative return in cash totals $171,807. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,964/mo property income relative to a $2,075/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
1.03 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: Timothy Daniel • Isabell K. Horsley Real Estate
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #202500246