1111 Briars Ct UNIT 303MidlothianVA23114
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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 Midlothian at 1111 Briars Ct UNIT 303, Midlothian, VA, 23114 listed at $310,000 pairs $2,724/mo rent with a $1,517/mo payment to leave $871/mo cash flow. Total monthly income runs $2,724/mo, and annual cash flow reaches $10,454/yr on $102,765 cash to close. Return on cash invested measures 30.08% in year one, and rental yield registers 10.54% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 157.15% and total cumulative return in cash totals $161,491. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,724/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23114, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 7,040 (67.2%) |
| Renter Occupied HU | 2,981 (28.5%) |
| Vacant Housing Units | 449 ( 4.3%) |
| Median Home Value | $416,240 |
| Average Home Value | $446,833 |
Housing Distribution
Address Breakdown
Residential
9,720
Single Family
8,116
Multi-Family
1,604
Businesses
355
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Listed by: James Strum • Long & Foster REALTORS
Mls Name: CVRMLS
Mls ID: #2533871