16216 Mistora RdChesterVA23831
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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 Chester at 16216 Mistora Rd, Chester, VA, 23831 offers a 9.17% rental yield on a $274,999 purchase with $2,101/mo rent. Total monthly income registers $2,101/mo, and a $1,346/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,485/yr on $91,162 to close, and return on cash invested stands at 25.93% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 134.88% and total cumulative return in cash at $122,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,101/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23831, Chester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,535 (100%) |
| Owner Occupied HU | 10,960 (66.3%) |
| Renter Occupied HU | 4,869 (29.4%) |
| Vacant Housing Units | 706 ( 4.3%) |
| Median Home Value | $358,137 |
| Average Home Value | $420,848 |
Housing Distribution
Address Breakdown
Residential
15,921
Single Family
14,051
Multi-Family
1,870
Businesses
1,142
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Listed by: Ronald Burnett • ERA Woody Hogg & Assoc
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2418846
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.