7130 Lovegrass CtNew KentVA23124
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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 New Kent at 7130 Lovegrass Ct, New Kent, VA, 23124 priced at $504,900 pairs $3,941/mo rent with $923/mo cash flow after a $2,471/mo payment. Total monthly income equals $3,941/mo, and annual cash flow comes to $11,076/yr on $166,112 invested. Return on cash invested is 26.73% in year one, and rental yield stands at 9.37% on a $504,900 basis. Equity gained on principal adds $3,258/yr, and 5% annual appreciation accumulates to $139,495 by year five. Five-year ROI measures 139.12% and total cumulative return in cash reaches $231,094. For financing, Ziffy Mortgage’s DSCR program evaluates $3,941/mo property income against a $2,471/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
N/A lot
$N/A/sqft
No 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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