2908 Quail Challenge CtGlen AllenVA23059
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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 Glen Allen at 2908 Quail Challenge Ct, Glen Allen, VA, 23059 priced at $394,900 converts $2,849/mo rent into $488/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,849/mo, and annual cash flow totals $5,858/yr on $130,909 invested. Return on cash invested prints 24.38% in year one, and rental yield reads 8.66% against a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,104 by year five. Five-year ROI reaches 126.59% and total cumulative return in cash sums $165,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,849/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23059, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 11,612 (74.3%) |
| Renter Occupied HU | 3,492 (22.3%) |
| Vacant Housing Units | 521 ( 3.3%) |
| Median Home Value | $603,290 |
| Average Home Value | $639,208 |
Housing Distribution
Address Breakdown
Residential
16,146
Single Family
15,376
Multi-Family
770
Businesses
690
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