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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Louisa at 203 Summers Landing Ln, Louisa, VA, 23093 priced at $459,700 converts $3,136/mo rent into $388/mo cash flow after a $2,250/mo obligation. Total monthly income equals $3,136/mo, and annual cash flow totals $4,656/yr on $152,391 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 8.19% against a $459,700 entry. Equity gained on principal adds $2,966/yr, while 5% annual appreciation compiles into $127,007 by year five. Five-year ROI reaches 118.94% and total cumulative return in cash sums $181,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,136/mo property income covering a $2,250/mo payment, not borrower’s personal income.
Single Family
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23093, Louisa, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,475 (100%) |
| Owner Occupied HU | 4,481 (69.2%) |
| Renter Occupied HU | 1,320 (20.4%) |
| Vacant Housing Units | 674 (10.4%) |
| Median Home Value | $293,370 |
| Average Home Value | $342,671 |
Residential
6,052
Single Family
6,010
Multi-Family
42
Businesses
379
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Listed for sale | $459,700 |
| 2024-10-02 | Listing removed | $459,700 |
| 2024-09-23 | Price change | $472,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $2208.96 | 14.82% | $306,800 | 14.82% |
| 2021-10-15 | $1923.84 | N/A | $267,200 | 5.32% |
| 2020-10-15 | N/A | N/A | $253,700 | 857.36% |
Listed by: Chelsea Newcomb • Lake and Country Realty, LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424189
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.
