6933 Switch Cane CtNew KentVA23124
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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 New Kent at 6933 Switch Cane Ct, New Kent, VA, 23124 priced at $492,990 converts $2,836/mo rent into after a $2,413/mo obligation. Total monthly income equals $2,836/mo. Return on cash invested prints 18.2% in year one, and rental yield reads 6.9% against a $492,990 entry. Equity gained on principal adds $3,181/yr, while 5% annual appreciation compiles into $136,204 by year five. Five-year ROI reaches 93.7% and total cumulative return in cash sums $153,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,836/mo property income covering a $2,413/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$122 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23124, New Kent, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,554 (100%) |
| Owner Occupied HU | 2,304 (90.2%) |
| Renter Occupied HU | 160 ( 6.3%) |
| Vacant Housing Units | 90 ( 3.5%) |
| Median Home Value | $390,446 |
| Average Home Value | $504,609 |
Housing Distribution
Address Breakdown
Residential
2,593
Single Family
2,593
Multi-Family
0
Businesses
115
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Nearby investment properties with comparable prices
Listed by: Victoria Clark • D R Horton Realty of Virginia,
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428928
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.