Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gum Spring at 0 New Line Rd, Gum Spring, VA, 23065 generates $2,000/mo in rent and, after a $551/mo payment, leaves $1,327/mo in cash flow. Total monthly income is $2,000/mo, and annual cash flow is $15,925/yr on $37,294 invested. Return on cash invested sits at 62.61% in year one, and rental yield is 21.33% on a $112,500 entry. Equity gained on principal adds $726/yr, while 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 331.66% and total cumulative return in cash sums $123,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,000/mo property income rather than buyer’s personal income.
Lot
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23065, Gum Spring, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 701 (100%) |
| Owner Occupied HU | 572 (81.6%) |
| Renter Occupied HU | 70 ( 10.0%) |
| Vacant Housing Units | 59 ( 8.4%) |
| Median Home Value | $337,037 |
| Average Home Value | $400,992 |
Residential
691
Single Family
691
Multi-Family
0
Businesses
37
Date | Event | Price |
|---|---|---|
| 2024-09-22 | Price change | $112,500 |
| 2024-07-02 | Listed for sale | $119,000 |
| 2024-06-13 | Sold | $344,840 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Glenn Dankos • Goochland Realty Inc.
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2417308
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.
