7656 Walnut RdGloucesterVA23061
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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 7656 Walnut Rd, Gloucester, VA, 23061 uses $82,875 cash to close to unlock $10,922/yr annual cash flow and $910/mo monthly cash flow. Total monthly income runs $2,405/mo, and a $1,224/mo payment keeps the spread at $910/mo. Purchase price stands at $250,000, and rental yield measures 11.54% with $2,405/mo rent. Return on cash invested shows 33.09% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 173.28% and total cumulative return in cash records $143,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,405/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.53 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: Bridget Carver • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10604853