6257 Banshire DrMechanicsvilleVA23111
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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
Investment property for sale in Mechanicsville at 6257 Banshire Dr, Mechanicsville, VA, 23111 uses $119,340 cash to close to unlock $3,288/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,762/mo payment keeps the spread at $274/mo. Purchase price stands at $360,000, and rental yield measures 8.09% with $2,426/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash records $140,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.30 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
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Listed by: Brinlin Maki • Long & Foster REALTORS
Mls Name: CVRMLS
Mls ID: #2531685