Dry Dock Ct HOMESITE 480GreenbackvilleVA23356
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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 Greenbackville at Dry Dock Ct HOMESITE 480, Greenbackville, VA, 23356 with 5% annual appreciation on a $353,990 basis while $3,540/mo rent supports operations. Total monthly income totals $3,540/mo and a $1,733/mo payment preserves $1,424/mo for cash returns. Annual cash flow comes to $17,082/yr on $117,348 deployed, and return on cash invested reaches 34.47% in year one. Equity gained on principal adds $2,284/yr, and five-year appreciation sums $97,801 alongside rental yield of 12%. Five-year ROI measures 180.64% and total cumulative return in cash totals $211,975.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,540/mo property income versus a $1,733/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23356, Greenbackville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 695 (57.6%) |
| Renter Occupied HU | 83 ( 6.9%) |
| Vacant Housing Units | 428 (35.5%) |
| Median Home Value | $225,376 |
| Average Home Value | $286,986 |
Housing Distribution
Address Breakdown
Residential
1,093
Single Family
1,093
Multi-Family
0
Businesses
12
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Listed by: Stephanie • Gemcraft Homes
Mls Name: Gemcraft Homes
Mls Provider:
Mls ID: #N/A