720 Shore DrHartfieldVA23071
Nearby investment properties with comparable rents
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 Hartfield at 720 Shore Dr, Hartfield, VA, 23071 priced at $500,000 converts $2,008/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,008/mo. Return on cash invested prints 12.74% in year one, and rental yield reads 4.82% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 64.13% and total cumulative return in cash sums $106,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,008/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.34 Acres lot
$N/A/sqft
$115 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23071, Hartfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,063 (100%) |
| Owner Occupied HU | 659 (62.0%) |
| Renter Occupied HU | 87 ( 8.2%) |
| Vacant Housing Units | 317 (29.8%) |
| Median Home Value | $374,638 |
| Average Home Value | $458,259 |
Housing Distribution
Address Breakdown
Residential
777
Single Family
777
Multi-Family
0
Businesses
67
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Nearby investment properties with comparable prices
Listed by: Raven Sickal • Open Gate Realty Group
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2418478
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.