5205 Wheat Ridge PlGlen AllenVA23059
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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 5205 Wheat Ridge Pl, Glen Allen, VA, 23059 priced at $710,000 pairs $3,892/mo rent with after a $3,475/mo payment. Total monthly income equals $3,892/mo. Return on cash invested is 17.97% in year one, and rental yield stands at 6.58% on a $710,000 basis. Equity gained on principal adds $4,582/yr, and 5% annual appreciation accumulates to $196,160 by year five. Five-year ROI measures 92.22% and total cumulative return in cash reaches $215,411. For financing, Ziffy Mortgage’s DSCR program evaluates $3,892/mo property income against a $3,475/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
$165 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23059, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 11,612 (74.3%) |
| Renter Occupied HU | 3,492 (22.3%) |
| Vacant Housing Units | 521 ( 3.3%) |
| Median Home Value | $603,290 |
| Average Home Value | $639,208 |
Housing Distribution
Address Breakdown
Residential
16,146
Single Family
15,376
Multi-Family
770
Businesses
690
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Listed by: Sarah Carswell • Joyner Fine Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2511484
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 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.