83 Bogey Neck RdHeathsvilleVA22473
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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 Heathsville at 83 Bogey Neck Rd, Heathsville, VA, 22473 uses $72,930 cash to close to unlock $2,480/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,522/mo, and a $1,077/mo payment keeps the spread at $207/mo. Purchase price stands at $220,000, and rental yield measures 8.3% with $1,522/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 120.81% and total cumulative return in cash records $88,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,522/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1988
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22473, Heathsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,005 (100%) |
| Owner Occupied HU | 2,168 (54.1%) |
| Renter Occupied HU | 308 ( 7.7%) |
| Vacant Housing Units | 1,529 (38.2%) |
| Median Home Value | $363,682 |
| Average Home Value | $428,539 |
Housing Distribution
Address Breakdown
Residential
2,780
Single Family
2,752
Multi-Family
28
Businesses
120
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Listed by: Kenneth E. Kuykendall • Middle Bay Realty - K
Mls Name: Northern Neck AOR
Mls ID: #117829
Disclaimer: Copyright Northern Neck Association of Realtors. All rights reserved. Listing information is deemed reliable, but not guaranteed.