4602 River Mill CtGlen 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 4602 River Mill Ct, Glen Allen, VA, 23060 offers a 8.61% rental yield on a $399,950 purchase with $2,869/mo rent. Total monthly income registers $2,869/mo, and a $1,958/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,733/yr on $132,583 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,499 over five years. Portfolio math shows five-year ROI at 125.74% and total cumulative return in cash at $166,716. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,869/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
9,814 sqft 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: Melissa Shaheen • Shaheen Ruth Martin & Fonville
Mls Name: CVRMLS
Mls ID: #2532360