6176 Pond Grass 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 6176 Pond Grass Rd, Mechanicsville, VA, 23111 offers a 7.35% rental yield on a $487,500 purchase with $2,984/mo rent. Total monthly income registers $2,984/mo, and a $2,386/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $94/yr on $161,606 to close, and return on cash invested stands at 19.97% in year one. Equity gained on principal adds $3,146/yr while 5% annual appreciation supports $134,687 over five years. Portfolio math shows five-year ROI at 103.03% and total cumulative return in cash at $166,507. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,984/mo property income against a $2,386/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.49 Acres lot
$N/A/sqft
$62 monthly 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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Nearby investment properties with comparable prices
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