3229 Lakewood RdGlen AllenVA23060
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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
Investment property for sale in Glen Allen at 3229 Lakewood Rd, Glen Allen, VA, 23060 listed at $524,950 pairs $3,282/mo rent with a $2,569/mo payment to leave $144/mo cash flow. Total monthly income runs $3,282/mo, and annual cash flow reaches $1,732/yr on $172,709 cash to close. Return on cash invested measures 21.06% in year one, and rental yield registers 7.5% at a $524,950 basis. Equity gained on principal adds $3,387/yr, and annual property appreciation at 5% supports $145,034 by year five. Five-year ROI tracks 108.73% and total cumulative return in cash totals $187,793. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,282/mo property income relative to a $2,569/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23060, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,883 (100%) |
| Owner Occupied HU | 11,949 (70.8%) |
| Renter Occupied HU | 3,773 (22.3%) |
| Vacant Housing Units | 1,161 ( 6.9%) |
| Median Home Value | $438,173 |
| Average Home Value | $495,109 |
Housing Distribution
Address Breakdown
Residential
15,871
Single Family
14,379
Multi-Family
1,492
Businesses
1,212
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Listed by: Cole Spicer • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2526756