8801 The New 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 8801 The New Rd, Charles City, VA, 23030 uses $114,368 cash to close to unlock $3,519/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $2,356/mo, and a $1,689/mo payment keeps the spread at $293/mo. Purchase price stands at $345,000, and rental yield measures 8.19% with $2,356/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 119.09% and total cumulative return in cash records $136,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,356/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.75 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: Ben Munson • eXp Realty, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #2403240
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2024 WMLS. All rights reserved.