12629 Queensgate RdMidlothianVA23114
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
Investment property for sale in Midlothian at 12629 Queensgate Rd, Midlothian, VA, 23114 uses $172,725 cash to close to unlock $6,243/yr annual cash flow and $520/mo monthly cash flow. Total monthly income runs $3,659/mo, and a $2,570/mo payment keeps the spread at $520/mo. Purchase price stands at $525,000, and rental yield measures 8.36% with $3,659/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 122.75% and total cumulative return in cash records $212,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,659/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23114, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 7,040 (67.2%) |
| Renter Occupied HU | 2,981 (28.5%) |
| Vacant Housing Units | 449 ( 4.3%) |
| Median Home Value | $416,240 |
| Average Home Value | $446,833 |
Housing Distribution
Address Breakdown
Residential
9,720
Single Family
8,116
Multi-Family
1,604
Businesses
355
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Listed by: Zachary Fauver • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2524172