516 Mount Hermon RdMidlothianVA23112
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
Investment property for sale in Midlothian at 516 Mount Hermon Rd, Midlothian, VA, 23112 offers a 2.83% rental yield on a $1,700,000 purchase with $4,004/mo rent. 95% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,679 over five years. Portfolio math shows five-year ROI at 32.98% and total cumulative return in cash at $181,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,004/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23112, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,731 (100%) |
| Owner Occupied HU | 16,951 (78.0%) |
| Renter Occupied HU | 4,258 (19.6%) |
| Vacant Housing Units | 522 ( 2.4%) |
| Median Home Value | $401,387 |
| Average Home Value | $467,228 |
Housing Distribution
Address Breakdown
Residential
22,511
Single Family
20,955
Multi-Family
1,556
Businesses
1,626
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Listed by: Kristin Krupp • Shaheen Ruth Martin & Fonville
Mls Name: CVRMLS
Mls ID: #2524291