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Patriots Wy
Bellamy, VA 23061
Asking Price
$1.50M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 305 acres <ul><li>Large, estate-sized home site(s) within close proximity to gloucester, hampton roads and Richmond Metropolitan areas</li><li>Possibility of two divisions and multiple unique home sites</li><li>Natural setting ensured by in-place preservation agreement, conservation easement, and the natural buffer of cow creek</li><li>Mature hardwood & pine timber of significant value</li><li>Fee simple access with permanent crossing installed across cow creek</li><li>Extensive frontage on the cow
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179