8382 Indian 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
Rental property for sale in Gloucester at 8382 Indian Rd, Gloucester, VA, 23061 generates $945/mo in rent and, after a $587/mo payment, leaves $228/mo in cash flow. Total monthly income is $945/mo, and annual cash flow is $2,736/yr on $39,780 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 9.45% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash sums $55,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $945/mo property income rather than buyer’s personal income.
Manufactured
Built in 1956
6.51 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: Derek Greene • The Greene Realty Group
Mls Name: Bright MLS
Mls ID: #VAGV2000148