8578 Leanne LnMechanicsvilleVA23116
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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
Investment property for sale in Mechanicsville at 8578 Leanne Ln, Mechanicsville, VA, 23116 offers a 6.28% rental yield on a $778,900 purchase with $4,074/mo rent. 18% in year one. Equity gained on principal adds $5,026/yr while 5% annual appreciation supports $215,196 over five years. Portfolio math shows five-year ROI at 87.95% and total cumulative return in cash at $225,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,074/mo property income against a $3,812/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.61 Acres lot
$N/A/sqft
$400 annually 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: Joshua White • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2400545
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.