11219 Parrish Creek LnMidlothianVA23112
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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 11219 Parrish Creek Ln, Midlothian, VA, 23112 uses $132,600 cash to close to unlock $7,532/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $3,019/mo, and a $1,958/mo payment keeps the spread at $628/mo. Purchase price stands at $400,000, and rental yield measures 9.06% with $3,019/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 133.03% and total cumulative return in cash records $176,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,019/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23112, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,731 (100%) |
| Owner Occupied HU | 16,951 (78.0%) |
| Renter Occupied HU | 4,258 (19.6%) |
| Vacant Housing Units | 522 ( 2.4%) |
| Median Home Value | $401,387 |
| Average Home Value | $467,228 |
Housing Distribution
Address Breakdown
Residential
22,511
Single Family
20,955
Multi-Family
1,556
Businesses
1,626
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Listed by: Mike Cranston • KW Metro Center
Mls Name: CVRMLS
Mls ID: #2520330