1397 Meadow Grove Dr LOT 10PowhatanVA23139
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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 Powhatan at 1397 Meadow Grove Dr LOT 10, Powhatan, VA, 23139 generates $3,000/mo in rent, after a $4,279/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 10.77% in year one, and rental yield is 4.12% on a $874,200 entry. Equity gained on principal adds $5,641/yr, while 5% annual appreciation builds toward $241,525 over five years. Five-year ROI reaches 53.53% and total cumulative return in cash sums $153,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23139, Powhatan, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,219 (100%) |
| Owner Occupied HU | 9,844 (87.7%) |
| Renter Occupied HU | 971 ( 8.7%) |
| Vacant Housing Units | 404 ( 3.6%) |
| Median Home Value | $435,707 |
| Average Home Value | $493,294 |
Housing Distribution
Address Breakdown
Residential
11,097
Single Family
11,096
Multi-Family
1
Businesses
780
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