7368 Founders Mill Way #EGloucesterVA23061
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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 Gloucester at 7368 Founders Mill Way #E, Gloucester, VA, 23061 offers $2,068/mo rent that, after a $1,708/mo payment. Total monthly income is $2,068/mo. Return on cash invested measures 19.72% in year one, and rental yield stands at 7.11% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 101.54% and total cumulative return in cash reaches $117,480. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,068/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.69 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: Carol Sobieski • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10576079
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