3030 River Rd WGoochlandVA23063
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Goochland at 3030 River Rd W, Goochland, VA, 23063 generates $4,231/mo in rent and, after a $2,789/mo payment, leaves $825/mo in cash flow. Total monthly income is $4,231/mo, and annual cash flow is $9,895/yr on $187,497 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 8.91% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 131.64% and total cumulative return in cash sums $246,822. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,231/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23063, Goochland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,398 (100%) |
| Owner Occupied HU | 1,897 (79.1%) |
| Renter Occupied HU | 311 (13.0%) |
| Vacant Housing Units | 190 ( 7.9%) |
| Median Home Value | $369,325 |
| Average Home Value | $426,061 |
Housing Distribution
Address Breakdown
Residential
2,134
Single Family
2,134
Multi-Family
0
Businesses
244
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices