8968 Oakville RdGladstoneVA24553
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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 Gladstone at 8968 Oakville Rd, Gladstone, VA, 24553 uses $49,692 cash to close to unlock $7,087/yr annual cash flow and $591/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $734/mo payment keeps the spread at $591/mo. Purchase price stands at $149,900, and rental yield measures 11.9% with $1,487/mo rent. Return on cash invested shows 34.17% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 179.08% and total cumulative return in cash records $88,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1975
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24553, Gladstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 928 (100%) |
| Owner Occupied HU | 645 (69.5%) |
| Renter Occupied HU | 130 (14.0%) |
| Vacant Housing Units | 153 (16.5%) |
| Median Home Value | $243,447 |
| Average Home Value | $311,841 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
827
Multi-Family
0
Businesses
20
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Listed by: Dorothy Lorraine Martin • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #358647
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.