714 Milford AveHamptonVA23661
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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 Hampton at 714 Milford Ave, Hampton, VA, 23661 priced at $389,000 converts $2,360/mo rent into $35/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,360/mo, and annual cash flow totals $415/yr on $128,954 invested. Return on cash invested prints 20.23% in year one, and rental yield reads 7.28% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 104.3% and total cumulative return in cash sums $134,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,360/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23661, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,524 (100%) |
| Owner Occupied HU | 3,794 (58.2%) |
| Renter Occupied HU | 2,150 (33.0%) |
| Vacant Housing Units | 580 ( 8.9%) |
| Median Home Value | $254,084 |
| Average Home Value | $300,757 |
Housing Distribution
Address Breakdown
Residential
6,345
Single Family
5,964
Multi-Family
381
Businesses
586
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