10605 Gate House CtGlen AllenVA23059
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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 Glen Allen at 10605 Gate House Ct, Glen Allen, VA, 23059 offers a 7.61% rental yield on a $450,000 purchase with $2,852/mo rent. Total monthly income registers $2,852/mo, and a $2,203/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,938/yr on $149,175 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 109.54% and total cumulative return in cash at $163,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,852/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
2,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23059, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 11,612 (74.3%) |
| Renter Occupied HU | 3,492 (22.3%) |
| Vacant Housing Units | 521 ( 3.3%) |
| Median Home Value | $603,290 |
| Average Home Value | $639,208 |
Housing Distribution
Address Breakdown
Residential
16,146
Single Family
15,376
Multi-Family
770
Businesses
690
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Listed by: Charles Armistead • Relevate Property Guides
Mls Name: CVRMLS
Mls ID: #2526642