8505 Chimney Rock DrMechanicsvilleVA23116
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 8505 Chimney Rock Dr, Mechanicsville, VA, 23116 with 5% annual appreciation on a $709,402 basis while $2,853/mo rent supports operations. 93% in year one. Equity gained on principal adds $4,578/yr, and five-year appreciation sums $195,995 alongside rental yield of 4.83%. Five-year ROI measures 65.09% and total cumulative return in cash totals $151,912. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,853/mo property income versus a $3,472/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brayden Paitsel • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A