7355 Richmond Rd
Williamsburg, VA 23188
List Price
$255,000
$20K
Initial Investment
$71,931Purchase Price
$255,000
Down Payment
25%
Rent
$3,800
Total Return
$155,614
Annualized Return
33.1%
Cap Rate
12.0%
Gross Yield
17.9%
Cash Flow
$15,070
Appreciation
5.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
04/04/2014
Lease End
06/30/2014
Property Type
Duplex
Lot Size
11,674
HOA
None
Flood Risk
Not Required
- No HOA / Title report incorrectly states an HOA
- Property could be converted to a commercial space
- Downstairs unit: 2 bedroom / 1 bath with full kitchen, full size fridge/freezer, and eat in kitchen. Large laundry room with full size Washer/Dryer is optional. Entire 1st floor and has its own separate front entrance. Tenant has been leasing since 2014 and always on-time payments
- Upstairs unit: 1+ bedroom / 1 bath, with full kitchen and full size fridge/freezer. Eat in kitchen, large laundry room and spare room that can be used as an office. Entire upstairs unit with its own separate entrance and stairway (in back). The Downstairs unit enters enters thru the front. Freshly painted with a new deck/entrance area. Tenant is always on-time with payment
- Property is conveniently located on Richmond Rd near shopping, Williamsburg Pottery/Outlets and I64
- Unit 1 is on month-to-month lease
- Unit 2 is leased until 8/31/2022
See more in Analysis
Annual Financial Highlights
Expected Rent
$43,320Expenses
-$12,587Property Taxes
-$1,800Loan Payments
-$13,863Net Cash Flow
$15,070See more in Financials
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