10218 Wolfe Manor Ct UNIT 308, Glen Allen, VA, 23060 | $587/mo Cash Flow

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10218 Wolfe Manor Ct UNIT 308, Glen Allen, VA, 23060 | $587/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Glen Allen at 10218 Wolfe Manor Ct UNIT 308, Glen Allen, VA, 23060 offers a 9.89% rental yield on a $260,000 purchase with $2,142/mo rent. Total monthly income registers $2,142/mo, and a $1,273/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,048/yr on $86,190 to close, and return on cash invested stands at 28.09% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 146.46% and total cumulative return in cash at $126,233. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,142/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1994

1,062 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in The Landings of Laurel. Nicest condo I've ever seen in this complex! Updated and in excellent condition! Renovated kitchen with Granite countertops that offer space for a breakfast bar, large pantry with plenty of shelving and storage area, tile floors and backsplash, smooth top range, microwave, and dishwasher. HVAC unit and water heater were replace a few years ago. Great room, hallway and bedrooms all have beautiful wood floors. Bathroom have been upgraded with custom vanities and tile shower surrounds. Nice sized laundry room includes Washer and Dryer that both convey.

Neighborhood Data

Neighborhood data shown for ZIP Code: 23060, Glen Allen, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,883 (100%)
Owner Occupied HU	11,949 (70.8%)
Renter Occupied HU	3,773 (22.3%)
Vacant Housing Units	1,161 ( 6.9%)
Median Home Value	$438,173
Average Home Value	$495,109