6698 Hockley Wharf LnGloucesterVA23061
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 Gloucester at 6698 Hockley Wharf Ln, Gloucester, VA, 23061 generates $2,404/mo in rent and, after a $1,517/mo payment, leaves $551/mo in cash flow. Total monthly income is $2,404/mo, and annual cash flow is $6,614/yr on $102,765 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 9.31% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 137.11% and total cumulative return in cash sums $140,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,404/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
5.96 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Delena Nelson • Isabell K. Horsley Real Estate
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #202600008