701 Lewis StTappahannockVA22560
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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 Tappahannock at 701 Lewis St, Tappahannock, VA, 22560 priced at $249,500 converts $1,546/mo rent into $55/mo cash flow after a $1,221/mo obligation. Total monthly income equals $1,546/mo, and annual cash flow totals $657/yr on $82,709 invested. Return on cash invested prints 20.7% in year one, and rental yield reads 7.44% against a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation compiles into $68,932 by year five. Five-year ROI reaches 106.82% and total cumulative return in cash sums $88,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,546/mo property income covering a $1,221/mo payment, not borrower’s personal income.
Single Family
Built in 1938
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22560, Tappahannock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,588 (100%) |
| Owner Occupied HU | 2,081 (58.0%) |
| Renter Occupied HU | 933 (26.0%) |
| Vacant Housing Units | 574 (16.0%) |
| Median Home Value | $273,043 |
| Average Home Value | $306,013 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,161
Multi-Family
44
Businesses
358
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Listed by: Wendy Newsome • Middle Bay Realty - K
Mls Name: Northern Neck AOR
Mls ID: #119040