7218 Clements AveGloucesterVA23061
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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 7218 Clements Ave, Gloucester, VA, 23061 uses $164,093 cash to close to unlock $4,089/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $3,300/mo, and a $2,423/mo payment keeps the spread at $341/mo. Purchase price stands at $495,000, and rental yield measures 8% with $3,300/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 115.92% and total cumulative return in cash records $190,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.39 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: Wendy Hogge • Hogge Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10611114