2310 Oakengate LnMidlothianVA23113
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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
Rental property for sale in Midlothian at 2310 Oakengate Ln, Midlothian, VA, 23113 generates $3,613/mo in rent, after a $3,206/mo payment. Total monthly income is $3,613/mo. Return on cash invested sits at 18.38% in year one, and rental yield is 6.62% on a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 94.31% and total cumulative return in cash sums $203,231. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,613/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
1.24 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: Philip Innes • RE/MAX Commonwealth
Mls Name: CVRMLS
Mls ID: #2532009