240 Meghans LnGordonsvilleVA22942
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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 Gordonsville at 240 Meghans Ln, Gordonsville, VA, 22942 priced at $724,797 converts $3,407/mo rent into after a $3,548/mo obligation. Total monthly income equals $3,407/mo. Return on cash invested prints 15.4% in year one, and rental yield reads 5.64% against a $724,797 entry. Equity gained on principal adds $4,677/yr, while 5% annual appreciation compiles into $200,248 by year five. Five-year ROI reaches 78.34% and total cumulative return in cash sums $186,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,407/mo property income covering a $3,548/mo payment, not borrower’s personal income.
Single Family
Built in 2011
3.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22942, Gordonsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,061 (100%) |
| Owner Occupied HU | 3,578 (70.7%) |
| Renter Occupied HU | 961 (19.0%) |
| Vacant Housing Units | 522 (10.3%) |
| Median Home Value | $367,492 |
| Average Home Value | $440,245 |
Housing Distribution
Address Breakdown
Residential
4,015
Single Family
3,978
Multi-Family
37
Businesses
212
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Listed by: JAMES DICKERSON • CHARLOTTESVILLE SOLUTIONS
Mls Name: CAAR
Mls ID: #668883