1010 Riverside DrLanexaVA23089
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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
Rental property for sale in Lanexa at 1010 Riverside Dr, Lanexa, VA, 23089 generates $1,928/mo in rent and, after a $1,321/mo payment, leaves $315/mo in cash flow. Total monthly income is $1,928/mo, and annual cash flow is $3,775/yr on $89,472 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.57% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 125.19% and total cumulative return in cash sums $112,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,928/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23089, Lanexa, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,660 (100%) |
| Owner Occupied HU | 2,059 (77.4%) |
| Renter Occupied HU | 318 (12.0%) |
| Vacant Housing Units | 283 (10.6%) |
| Median Home Value | $563,914 |
| Average Home Value | $664,567 |
Housing Distribution
Address Breakdown
Residential
2,271
Single Family
2,271
Multi-Family
0
Businesses
51
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