8800 Little Elam RdCharles CityVA23030
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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 Charles City at 8800 Little Elam Rd, Charles City, VA, 23030 earns $459/mo cash flow from $1,903/mo rent with a $1,182/mo payment. Total monthly income totals $1,903/mo, and annual cash flow totals $5,512/yr on $80,057 capital. ROI tracks 26.79% on current figures, and rental yield reads 9.46% at a $241,500 purchase. Equity gained on principal adds $1,558/yr, and 5% annual appreciation supports $66,722 over five years. Five-year ROI reaches 139.54% and total cumulative return in cash sums $111,713. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,903/mo property income instead of your personal income.
Single Family
Built in 1965
2.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23030, Charles City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,467 (100%) |
| Owner Occupied HU | 1,875 (76.0%) |
| Renter Occupied HU | 379 (15.4%) |
| Vacant Housing Units | 213 ( 8.6%) |
| Median Home Value | $286,942 |
| Average Home Value | $381,505 |
Housing Distribution
Address Breakdown
Residential
2,175
Single Family
2,175
Multi-Family
0
Businesses
180
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Listed by: Miles Christian • United Real Estate Richmond
Mls Name: CVRMLS
Mls ID: #2522303