7107 Lord Carrington DrGloucesterVA23061
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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 7107 Lord Carrington Dr, Gloucester, VA, 23061 earns $287/mo cash flow from $2,677/mo rent with a $1,957/mo payment. Total monthly income totals $2,677/mo, and annual cash flow totals $3,441/yr on $132,567 capital. ROI tracks 22.5% on current figures, and rental yield reads 8.03% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 116.49% and total cumulative return in cash sums $154,424. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,677/mo property income instead of your personal income.
Single Family
Built in 1987
0.65 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: Deborah Giese • RE/MAX Peninsula
Mls Name: REIN Inc.
Mls ID: #10611753