10247 Finlandia LnMechanicsvilleVA23116
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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 Mechanicsville at 10247 Finlandia Ln, Mechanicsville, VA, 23116 generates $3,202/mo in rent and, after a $1,958/mo payment, leaves $811/mo in cash flow. Total monthly income is $3,202/mo, and annual cash flow is $9,729/yr on $132,583 invested. Return on cash invested sits at 27.25% in year one, and rental yield is 9.61% on a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 141.91% and total cumulative return in cash sums $188,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,202/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.53 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: Larry Sanders • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2530779