6076 Pond Place WayMechanicsvilleVA23111
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
Rental property for sale in Mechanicsville at 6076 Pond Place Way, Mechanicsville, VA, 23111 generates $3,642/mo in rent and, after a $2,325/mo payment, leaves $802/mo in cash flow. Total monthly income is $3,642/mo, and annual cash flow is $9,629/yr on $157,463 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.2% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 135.36% and total cumulative return in cash sums $213,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,642/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.50 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Wilson • RVA Realty, Inc
Mls Name: CVRMLS
Mls ID: #2522424