83 Waters Cove CirReedvilleVA22539
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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 Reedville at 83 Waters Cove Cir, Reedville, VA, 22539 priced at $439,000 converts $2,623/mo rent into after a $2,149/mo obligation. Total monthly income equals $2,623/mo. Return on cash invested prints 18.66% in year one, and rental yield reads 7.17% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 96.32% and total cumulative return in cash sums $140,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,623/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Single Family
Built in 2023
3,920 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22539, Reedville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 971 (46.8%) |
| Renter Occupied HU | 129 ( 6.2%) |
| Vacant Housing Units | 976 (47.0%) |
| Median Home Value | $426,520 |
| Average Home Value | $491,202 |
Housing Distribution
Address Breakdown
Residential
1,358
Single Family
1,358
Multi-Family
0
Businesses
63
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