1421 Olde Coalmine RdMidlothianVA23113
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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 1421 Olde Coalmine Rd, Midlothian, VA, 23113 uses $160,778 cash to close to unlock $655/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $2,954/mo, and a $2,374/mo payment keeps the spread at $55/mo. Purchase price stands at $485,000, and rental yield measures 7.31% with $2,954/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash records $168,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,954/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23113, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,751 (100%) |
| Owner Occupied HU | 8,814 (75.0%) |
| Renter Occupied HU | 2,372 (20.2%) |
| Vacant Housing Units | 565 ( 4.8%) |
| Median Home Value | $603,089 |
| Average Home Value | $631,507 |
Housing Distribution
Address Breakdown
Residential
11,144
Single Family
10,064
Multi-Family
1,080
Businesses
1,581
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Listed by: Marc Austin Highfill • Exit First Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2509444
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.