516 S Lakeshore DrLouisaVA23093
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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 Louisa at 516 S Lakeshore Dr, Louisa, VA, 23093 priced at $300,000 converts $2,545/mo rent into $633/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,545/mo, and annual cash flow totals $7,594/yr on $99,450 invested. Return on cash invested prints 27.54% in year one, and rental yield reads 10.18% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 144.02% and total cumulative return in cash sums $143,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,545/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2000
10,454 sqft lot
$N/A/sqft
$1,430 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23093, Louisa, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,475 (100%) |
| Owner Occupied HU | 4,481 (69.2%) |
| Renter Occupied HU | 1,320 (20.4%) |
| Vacant Housing Units | 674 (10.4%) |
| Median Home Value | $293,370 |
| Average Home Value | $342,671 |
Housing Distribution
Address Breakdown
Residential
6,052
Single Family
6,010
Multi-Family
42
Businesses
379
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