7656 The Points PlGloucester PtVA23062
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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 Pt at 7656 The Points Pl, Gloucester Pt, VA, 23062 uses $82,842 cash to close to unlock $4,539/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,223/mo payment keeps the spread at $378/mo. Purchase price stands at $249,900, and rental yield measures 8.99% with $1,872/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 131.99% and total cumulative return in cash records $109,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23062, Gloucester Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 858 (63.1%) |
| Renter Occupied HU | 380 (27.9%) |
| Vacant Housing Units | 122 ( 9.0%) |
| Median Home Value | $298,985 |
| Average Home Value | $322,809 |
Housing Distribution
Address Breakdown
Residential
1,076
Single Family
1,021
Multi-Family
55
Businesses
82
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Listed by: Nelson Bailey • G Daniels & Company
Mls Name: REIN Inc.
Mls ID: #10589459