8577 Davenport RdGloucesterVA23061
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 at 8577 Davenport Rd, Gloucester, VA, 23061 uses $103,428 cash to close to unlock $672/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,921/mo, and a $1,527/mo payment keeps the spread at $56/mo. Purchase price stands at $312,000, and rental yield measures 7.39% with $1,921/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $86,200 over five years. Five-year ROI reaches 106.03% and total cumulative return in cash records $109,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,921/mo property income covering a $1,527/mo payment rather than investor’s personal income.
Single Family
Built in 1996
3.62 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl C Adams • Shaheen Ruth Martin & Fonville Real Estate
Mls Name: CVRMLS
Mls ID: #2519900