7735 The Points Pl #904Gloucester PointVA23062
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
Investment property for sale in Gloucester Point at 7735 The Points Pl #904, Gloucester Point, VA, 23062 uses $71,273 cash to close to unlock $7,753/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $1,931/mo, and a $1,052/mo payment keeps the spread at $646/mo. Purchase price stands at $215,000, and rental yield measures 10.78% with $1,931/mo rent. Return on cash invested shows 30.79% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 160.98% and total cumulative return in cash records $114,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,931/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1998
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Foster • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10599403