Parrotts Cove RdWater ViewVA23180
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Water View rentals match the income profile of Parrotts Cove Rd, Water View, VA, 23180. Listed at $125,000, gross rent is $1,495/mo and net cash flow is $738/mo, a 14.35% yield well above national averages. DSCR 2.66 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $34,535 by year five with $1,151/yr in annual principal reduction, projecting $94,831 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 6.2% |
| Monthly Cash Flow | $738 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,495 |
| Total Monthly Debt Service | $708 |
| DSCR Ratio | 2.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
1.89 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23180, Water View, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 244 (100%) |
| Owner Occupied HU | 130 (53.3%) |
| Renter Occupied HU | 39 (16.0%) |
| Vacant Housing Units | 75 (30.7%) |
| Median Home Value | $400,000 |
| Average Home Value | $478,365 |
Housing Distribution
Address Breakdown
Residential
199
Single Family
199
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Lot
Built in N/A
1.89 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23180, Water View, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 244 (100%) |
| Owner Occupied HU | 130 (53.3%) |
| Renter Occupied HU | 39 (16.0%) |
| Vacant Housing Units | 75 (30.7%) |
| Median Home Value | $400,000 |
| Average Home Value | $478,365 |
Housing Distribution
Address Breakdown
Residential
199
Single Family
199
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Johnson • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2417376
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.