10204 Slidingrock DrMechanicsvilleVA23116
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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
Investment property for sale in Mechanicsville at 10204 Slidingrock Dr, Mechanicsville, VA, 23116 uses $157,463 cash to close to unlock $3,593/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $3,139/mo, and a $2,325/mo payment keeps the spread at $299/mo. Purchase price stands at $475,000, and rental yield measures 7.93% with $3,139/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 114.81% and total cumulative return in cash records $180,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,139/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23116, Mechanicsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,564 (100%) |
| Owner Occupied HU | 10,975 (87.4%) |
| Renter Occupied HU | 1,271 (10.1%) |
| Vacant Housing Units | 318 ( 2.5%) |
| Median Home Value | $437,573 |
| Average Home Value | $466,521 |
Housing Distribution
Address Breakdown
Residential
12,986
Single Family
12,813
Multi-Family
173
Businesses
854
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Listed by: Erik Colley • ERA Woody Hogg & Assoc
Mls Name: CVRMLS
Mls ID: #2524174