10305 Perrins Mill LnMechanicsvilleVA23116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10305 Perrins Mill Ln, Mechanicsville, VA, 23116 generates $3,624/mo in rent and, after a $2,741/mo payment, leaves $186/mo in cash flow. Total monthly income is $3,624/mo, and annual cash flow is $2,236/yr on $184,240 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 7.77% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 110.08% and total cumulative return in cash sums $202,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,624/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.32 Acres lot
$N/A/sqft
$270 quarterly 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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Nearby investment properties with comparable prices
Listed by: Tommy Sibiga • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2422094
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.