7504 Walnut Grove RdMechanicsvilleVA23111
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 7504 Walnut Grove Rd, Mechanicsville, VA, 23111 earns $688/mo cash flow from $2,179/mo rent with a $1,221/mo payment. Total monthly income totals $2,179/mo, and annual cash flow totals $8,253/yr on $82,709 capital. ROI tracks 29.89% on current figures, and rental yield reads 10.48% at a $249,500 purchase. Equity gained on principal adds $1,610/yr, and 5% annual appreciation supports $68,932 over five years. Five-year ROI reaches 156.07% and total cumulative return in cash sums $129,081. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,179/mo property income instead of your personal income.
Single Family
Built in 1973
0.84 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: Lindsay Moore • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2524790