11418 Parrish Creek LnChesterfieldVA23832
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
Rental property for sale in Chesterfield at 11418 Parrish Creek Ln, Chesterfield, VA, 23832 generates $3,030/mo in rent and, after a $2,200/mo payment, leaves $343/mo in cash flow. Total monthly income is $3,030/mo, and annual cash flow is $4,116/yr on $149,009 invested. Return on cash invested sits at 22.67% in year one, and rental yield is 8.09% on a $449,500 entry. Equity gained on principal adds $2,901/yr, while 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 117.4% and total cumulative return in cash sums $174,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,030/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23832, Chesterfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,674 (100%) |
| Owner Occupied HU | 12,960 (82.7%) |
| Renter Occupied HU | 2,359 (15.1%) |
| Vacant Housing Units | 355 ( 2.3%) |
| Median Home Value | $387,676 |
| Average Home Value | $419,762 |
Housing Distribution
Address Breakdown
Residential
15,761
Single Family
15,409
Multi-Family
352
Businesses
844
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ovell Robinson • Plentura Realty LLC
Mls Name: CVRMLS
Mls ID: #2528707