5306 Cold Harbor RdMechanicsvilleVA23111
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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 Mechanicsville at 5306 Cold Harbor Rd, Mechanicsville, VA, 23111 earns $716/mo cash flow from $1,955/mo rent with a $905/mo payment. Total monthly income totals $1,955/mo, and annual cash flow totals $8,591/yr on $61,328 capital. ROI tracks 33.92% on current figures, and rental yield reads 12.68% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 178.61% and total cumulative return in cash sums $109,539. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,955/mo property income instead of your personal income.
Lot
Built in N/A
2.80 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23111, Mechanicsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,493 (100%) |
| Owner Occupied HU | 12,596 (76.4%) |
| Renter Occupied HU | 3,426 (20.8%) |
| Vacant Housing Units | 471 ( 2.9%) |
| Median Home Value | $366,412 |
| Average Home Value | $402,769 |
Housing Distribution
Address Breakdown
Residential
15,741
Single Family
14,906
Multi-Family
835
Businesses
1,070
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Listed by: BJ Thornburg • Real Broker LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2416281
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.