2008 Magnolia Grove WayMidlothianVA23113
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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 Midlothian at 2008 Magnolia Grove Way, Midlothian, VA, 23113 listed at $449,950 pairs $3,190/mo rent with a $2,202/mo payment to leave $501/mo cash flow. Total monthly income runs $3,190/mo, and annual cash flow reaches $6,007/yr on $149,158 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 8.51% at a $449,950 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,313 by year five. Five-year ROI tracks 124.17% and total cumulative return in cash totals $185,210. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,190/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A 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: Peter McEvoy • Neumann & Dunn Real Estate
Mls Name: CVRMLS
Mls ID: #2523166