10818 Old Washington HwyGlen AllenVA23060
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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 Glen Allen at 10818 Old Washington Hwy, Glen Allen, VA, 23060 generates $3,647/mo in rent and, after a $2,472/mo payment, leaves $628/mo in cash flow. Total monthly income is $3,647/mo, and annual cash flow is $7,535/yr on $166,145 invested. Return on cash invested sits at 24.6% in year one, and rental yield is 8.67% on a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation builds toward $139,522 over five years. Five-year ROI reaches 127.66% and total cumulative return in cash sums $212,094. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,647/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.80 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,871
Single Family
14,379
Multi-Family
1,492
Businesses
1,212
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Listed by: Dennis Norwood • Samson Properties
Mls Name: CVRMLS
Mls ID: #2524417