11720 Clear Ridge DrMidlothianVA23112
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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
Rental property for sale in Midlothian at 11720 Clear Ridge Dr, Midlothian, VA, 23112 generates $2,852/mo in rent and, after a $1,603/mo payment, leaves $867/mo in cash flow. Total monthly income is $2,852/mo, and annual cash flow is $10,402/yr on $108,599 invested. Return on cash invested sits at 29.49% in year one, and rental yield is 10.45% on a $327,600 entry. Equity gained on principal adds $2,114/yr, while 5% annual appreciation builds toward $90,510 over five years. Five-year ROI reaches 154.04% and total cumulative return in cash sums $167,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,852/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.38 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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