11804 Olde Covington WayGlen AllenVA23059
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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
Investment property for sale in Glen Allen at 11804 Olde Covington Way, Glen Allen, VA, 23059 earns from $4,410/mo rent with a $5,873/mo payment. Total monthly income totals $4,410/mo. ROI tracks 11.69% on current figures, and rental yield reads 4.41% at a $1,199,950 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,524 over five years. Five-year ROI reaches 58.44% and total cumulative return in cash sums $227,192. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,410/mo property income instead of your personal income.
Single Family
Built in 2005
0.36 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23059, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 11,612 (74.3%) |
| Renter Occupied HU | 3,492 (22.3%) |
| Vacant Housing Units | 521 ( 3.3%) |
| Median Home Value | $603,290 |
| Average Home Value | $639,208 |
Housing Distribution
Address Breakdown
Residential
16,146
Single Family
15,376
Multi-Family
770
Businesses
690
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Nearby investment properties with comparable prices
Listed by: David Nicholson • EXP Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2508215
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.