12924 Glengate RdMidlothianVA23114
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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 Midlothian at 12924 Glengate Rd, Midlothian, VA, 23114 offers a 7.82% rental yield on a $425,000 purchase with $2,770/mo rent. Total monthly income registers $2,770/mo, and a $2,080/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,755/yr on $140,888 to close, and return on cash invested stands at 21.86% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 113.06% and total cumulative return in cash at $159,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,770/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.31 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: Caitlin Yeatman • Long & Foster REALTORS
Mls Name: CVRMLS
Mls ID: #2533258