5623 Virginia Park DrProvidence ForgeVA23140
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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 Providence Forge at 5623 Virginia Park Dr, Providence Forge, VA, 23140 listed at $424,000 pairs $2,988/mo rent with a $2,075/mo payment to leave $454/mo cash flow. Total monthly income runs $2,988/mo, and annual cash flow reaches $5,444/yr on $140,556 cash to close. Return on cash invested measures 23.78% in year one, and rental yield registers 8.46% at a $424,000 basis. Equity gained on principal adds $2,736/yr, and annual property appreciation at 5% supports $117,143 by year five. Five-year ROI tracks 123.34% and total cumulative return in cash totals $173,367. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,988/mo property income relative to a $2,075/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23140, Providence Forge, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,665 (100%) |
| Owner Occupied HU | 2,202 (82.6%) |
| Renter Occupied HU | 312 (11.7%) |
| Vacant Housing Units | 151 ( 5.7%) |
| Median Home Value | $418,526 |
| Average Home Value | $428,198 |
Housing Distribution
Address Breakdown
Residential
2,765
Single Family
2,765
Multi-Family
0
Businesses
156
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Listed by: Wayne Whiting • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2532250