12720 Sterling Heights LnProvidence ForgeVA23140
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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 Providence Forge at 12720 Sterling Heights Ln, Providence Forge, VA, 23140 uses $49,692 cash to close to unlock $3,499/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $1,188/mo, and a $734/mo payment keeps the spread at $292/mo. Purchase price stands at $149,900, and rental yield measures 9.51% with $1,188/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 140.37% and total cumulative return in cash records $69,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,188/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23140, Providence Forge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,665 (100%) |
| Owner Occupied HU | 2,202 (82.6%) |
| Renter Occupied HU | 312 (11.7%) |
| Vacant Housing Units | 151 ( 5.7%) |
| Median Home Value | $418,526 |
| Average Home Value | $428,198 |
Housing Distribution
Address Breakdown
Residential
2,765
Single Family
2,765
Multi-Family
0
Businesses
156
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Listed by: Katrina Dotson • EXIT Elite Realty
Mls Name: Bright MLS
Mls ID: #VANK2000122