7114 Prospect Church RdMechanicsvilleVA23111
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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
Rental property for sale in Mechanicsville at 7114 Prospect Church Rd, Mechanicsville, VA, 23111 priced at $180,000 converts $1,720/mo rent into $627/mo cash flow after a $881/mo obligation. Total monthly income equals $1,720/mo, and annual cash flow totals $7,528/yr on $59,670 invested. Return on cash invested prints 32.52% in year one, and rental yield reads 11.47% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 170.41% and total cumulative return in cash sums $101,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,720/mo property income covering a $881/mo payment, not borrower’s personal income.
Lot
Built in N/A
N/A lot
$N/A/sqft
$200 annually 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: Wanda Garrett • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2304728
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.