11602 E Briar Patch Dr UNIT 11602, Midlothian, VA, 23113 | $366/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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11602 E Briar Patch Dr UNIT 11602, Midlothian, VA, 23113 | $366/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Midlothian at 11602 E Briar Patch Dr UNIT 11602, Midlothian, VA, 23113 uses $77,903 cash to close to unlock $4,397/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $1,150/mo payment keeps the spread at $366/mo. Purchase price stands at $235,000, and rental yield measures 9.04% with $1,771/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 132.86% and total cumulative return in cash records $103,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,150/mo payment rather than investor’s personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 11602 East Briar Patch Drivea cozy, tucked away 2-bedroom, 1.5-bath condo offering the perfect blend of comfort, privacy, and convenience. Nestled in a peaceful, wooded community, this charming home feels like a private retreat while being just minutes from everything Midlothian has to offer. Step inside from the inviting front porch to find an updated kitchen, dedicated dining space, and light filled living room. Enjoy your morning coffee out front or unwind on the back private patioyour own tranquil hideaway. The functional layout features two generously sized bedrooms, a full bath upstairs, laundry, attic and shed space for storage, and a convenient half bath on the main level. Enjoy a low-maintenance lifestyle with an HOA that covers gas, water, sewer, trash, landscaping, snow removal, exterior maintenance, roof, access to the pool and tennis courts, and moreleaving you more time to relax and enjoy your surroundings. Recent updates include new upstairs carpet and interior painting (2025), electrical panel (2024), first floor flooring (2021), and newer HVAC (2019). If you're seeking a serene spot to call home in the heart of Midlothian, this condo is a hidden gem you wont want to miss!

Neighborhood Data

Neighborhood data shown for ZIP Code: 23113, Midlothian, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,751 (100%)
Owner Occupied HU	8,814 (75.0%)
Renter Occupied HU	2,372 (20.2%)
Vacant Housing Units	565 ( 4.8%)
Median Home Value	$603,089
Average Home Value	$631,507