10988 Milestone DrMechanicsvilleVA23116
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
Investment property for sale in Mechanicsville at 10988 Milestone Dr, Mechanicsville, VA, 23116 earns from $3,806/mo rent with a $3,304/mo payment. Total monthly income totals $3,806/mo. ROI tracks 18.82% on current figures, and rental yield reads 6.77% at a $674,950 purchase. Equity gained on principal adds $4,355/yr, and 5% annual appreciation supports $186,476 over five years. Five-year ROI reaches 96.69% and total cumulative return in cash sums $214,715. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,806/mo property income instead of your personal income.
Single Family
Built in 1999
0.48 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: Lindsay Orr • 1st Class Real Estate -Capital City Group
Mls Name: CVRMLS
Mls ID: #2529543