7182 Fire LnMechanicsvilleVA23116
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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 7182 Fire Ln, Mechanicsville, VA, 23116 offers a 7.55% rental yield on a $485,000 purchase with $3,052/mo rent. Total monthly income registers $3,052/mo, and a $2,374/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,831/yr on $160,778 to close, and return on cash invested stands at 21.05% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 108.67% and total cumulative return in cash at $174,722. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,052/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23116, Mechanicsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,564 (100%) |
| Owner Occupied HU | 10,975 (87.4%) |
| Renter Occupied HU | 1,271 (10.1%) |
| Vacant Housing Units | 318 ( 2.5%) |
| Median Home Value | $437,573 |
| Average Home Value | $466,521 |
Housing Distribution
Address Breakdown
Residential
12,986
Single Family
12,813
Multi-Family
173
Businesses
854
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Listed by: Pam Wood • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2532024