7248 Shannondale RdHanoverVA23116
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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
Rental property for sale in Hanover at 7248 Shannondale Rd, Hanover, VA, 23116 generates $5,966/mo in rent, after a $5,370/mo payment. Total monthly income is $5,966/mo. Return on cash invested sits at 18.37% in year one, and rental yield is 6.52% on a $1,097,200 entry. Equity gained on principal adds $7,080/yr, while 5% annual appreciation builds toward $303,136 over five years. Five-year ROI reaches 94.21% and total cumulative return in cash sums $334,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,966/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A 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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