8971 Ringview DrMechanicsvilleVA23116
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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 8971 Ringview Dr, Mechanicsville, VA, 23116 listed at $375,000 pairs $2,447/mo rent with a $1,835/mo payment to leave $206/mo cash flow. Total monthly income runs $2,447/mo, and annual cash flow reaches $2,469/yr on $124,313 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 7.83% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 113.21% and total cumulative return in cash totals $140,739. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,447/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2018
2,003 sqft 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: Sarah Huffman • EXP Realty LLC
Mls Name: CVRMLS
Mls ID: #2600266