8975 Coles Landing DrGloucesterVA23061
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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 Gloucester at 8975 Coles Landing Dr, Gloucester, VA, 23061 uses $169,435 cash to close to unlock $1,417/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $3,197/mo, and a $2,521/mo payment keeps the spread at $118/mo. Purchase price stands at $515,000, and rental yield measures 7.45% with $3,197/mo rent. Return on cash invested shows 20.9% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 107.86% and total cumulative return in cash records $182,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,197/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Single Family
Built in 2006
2 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: Tracy Foster • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10610931