10624 Runnymeade DrGlen AllenVA23059
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 Glen Allen at 10624 Runnymeade Dr, Glen Allen, VA, 23059 generates $2,956/mo in rent and, after a $2,393/mo payment, leaves $33/mo in cash flow. Total monthly income is $2,956/mo, and annual cash flow is $400/yr on $162,087 invested. Return on cash invested sits at 20.16% in year one, and rental yield is 7.25% on a $488,950 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,088 over five years. Five-year ROI reaches 103.9% and total cumulative return in cash sums $168,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,956/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
10,406 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Orcutt • Maison Real Estate Boutique
Mls Name: CVRMLS
Mls ID: #2533135