7037 Lantana LnMechanicsvilleVA23111
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
Investment property for sale in Mechanicsville at 7037 Lantana Ln, Mechanicsville, VA, 23111 offers a 7.44% rental yield on a $454,950 purchase with $2,822/mo rent. Total monthly income registers $2,822/mo, and a $2,227/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,226/yr on $150,816 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,694 over five years. Portfolio math shows five-year ROI at 106.95% and total cumulative return in cash at $161,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,822/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.35 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: Kathy Carmichael • ERA Woody Hogg & Assoc
Mls Name: CVRMLS
Mls ID: #2529411