3409 Fitchetts LnGlen 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
Rental property for sale in Glen Allen at 3409 Fitchetts Ln, Glen Allen, VA, 23060 generates $2,908/mo in rent, after a $2,636/mo payment. Total monthly income is $2,908/mo. Return on cash invested sits at 16.33% in year one, and rental yield is 6.48% on a $538,500 entry. Equity gained on principal adds $3,475/yr, while 5% annual appreciation builds toward $148,778 over five years. Five-year ROI reaches 83.91% and total cumulative return in cash sums $148,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,908/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
7,862 sqft lot
$N/A/sqft
$240 monthly 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: Ernie Dettbarn • Dettbarn Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428777
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.