8990 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
Rental property for sale in Mechanicsville at 8990 Ringview Dr, Mechanicsville, VA, 23116 generates $2,794/mo in rent and, after a $1,835/mo payment, leaves $553/mo in cash flow. Total monthly income is $2,794/mo, and annual cash flow is $6,634/yr on $124,279 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 8.94% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 131.19% and total cumulative return in cash sums $163,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,794/mo property income rather than buyer’s personal income.
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: Kathie Hogg • Napier REALTORS ERA
Mls Name: CVRMLS
Mls ID: #2533165