1405 Virginia AveGlen AllenVA23060
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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 Glen Allen at 1405 Virginia Ave, Glen Allen, VA, 23060 listed at $159,950 pairs $1,579/mo rent with a $783/mo payment to leave $623/mo cash flow. Total monthly income runs $1,579/mo, and annual cash flow reaches $7,473/yr on $53,023 cash to close. Return on cash invested measures 34% in year one, and rental yield registers 11.85% at a $159,950 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,191 by year five. Five-year ROI tracks 178.15% and total cumulative return in cash totals $94,462. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,579/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
9,665 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23060, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,883 (100%) |
| Owner Occupied HU | 11,949 (70.8%) |
| Renter Occupied HU | 3,773 (22.3%) |
| Vacant Housing Units | 1,161 ( 6.9%) |
| Median Home Value | $438,173 |
| Average Home Value | $495,109 |
Housing Distribution
Address Breakdown
Residential
15,871
Single Family
14,379
Multi-Family
1,492
Businesses
1,212
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Listed by: Kevin Currie • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2526764