117 Wellie Hill Pl UNIT BGlen AllenVA23060
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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 Glen Allen at 117 Wellie Hill Pl UNIT B, Glen Allen, VA, 23060 uses $238,492 cash to close to unlock $728/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $4,394/mo, and a $3,548/mo payment keeps the spread at $61/mo. Purchase price stands at $724,900, and rental yield measures 7.27% with $4,394/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $200,277 over five years. Five-year ROI reaches 104.98% and total cumulative return in cash records $250,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,394/mo property income covering a $3,548/mo payment rather than investor’s personal income.
Condo
Built in 2023
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23060, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,883 (100%) |
| Owner Occupied HU | 11,949 (70.8%) |
| Renter Occupied HU | 3,773 (22.3%) |
| Vacant Housing Units | 1,161 ( 6.9%) |
| Median Home Value | $438,173 |
| Average Home Value | $495,109 |
Housing Distribution
Address Breakdown
Residential
15,871
Single Family
14,379
Multi-Family
1,492
Businesses
1,212
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Listed by: Julia Morrison • Long & Foster REALTORS
Mls Name: CVRMLS
Mls ID: #2533449