11022 Old Washington HwyGlen 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
Rental property for sale in Glen Allen at 11022 Old Washington Hwy, Glen Allen, VA, 23059 generates $5,113/mo in rent, after a $6,803/mo payment. Total monthly income is $5,113/mo. Return on cash invested sits at 11.85% in year one, and rental yield is 4.41% on a $1,390,000 entry. Equity gained on principal adds $8,969/yr, while 5% annual appreciation builds toward $384,031 over five years. Five-year ROI reaches 59.27% and total cumulative return in cash sums $266,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,113/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
17.39 Acres 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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