4708 Mill Park DrGlen 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 4708 Mill Park Dr, Glen Allen, VA, 23060 uses $132,583 cash to close to unlock $1,173/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $2,489/mo, and a $1,958/mo payment keeps the spread at $98/mo. Purchase price stands at $399,950, and rental yield measures 7.47% with $2,489/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 107.31% and total cumulative return in cash records $142,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,489/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1983
8,376 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: Bruce Flight • Elite Real Estate
Mls Name: CVRMLS
Mls ID: #2530445