6347 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 6347 Cold Harbor Rd, Mechanicsville, VA, 23111 earns $254/mo cash flow from $2,466/mo rent with a $1,811/mo payment. Total monthly income totals $2,466/mo, and annual cash flow totals $3,050/yr on $122,655 capital. ROI tracks 22.4% on current figures, and rental yield reads 8% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 115.93% and total cumulative return in cash sums $142,193. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,466/mo property income instead of your personal income.
Single Family
Built in 1966
0.51 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: Lisa Reid • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10613160