14202 Cove Ridge CtMidlothianVA23112
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 14202 Cove Ridge Ct, Midlothian, VA, 23112 uses $132,567 cash to close to unlock $2,949/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,636/mo, and a $1,957/mo payment keeps the spread at $246/mo. Purchase price stands at $399,900, and rental yield measures 7.91% with $2,636/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $151,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,636/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23112, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,731 (100%) |
| Owner Occupied HU | 16,951 (78.0%) |
| Renter Occupied HU | 4,258 (19.6%) |
| Vacant Housing Units | 522 ( 2.4%) |
| Median Home Value | $401,387 |
| Average Home Value | $467,228 |
Housing Distribution
Address Breakdown
Residential
22,511
Single Family
20,955
Multi-Family
1,556
Businesses
1,626
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlie Bickel • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2532694