9304 Howard 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 9304 Howard Dr, Mechanicsville, VA, 23116 listed at $359,000 pairs $2,731/mo rent with a $1,757/mo payment to leave $585/mo cash flow. Total monthly income runs $2,731/mo, and annual cash flow reaches $7,021/yr on $119,009 cash to close. Return on cash invested measures 25.81% in year one, and rental yield registers 9.13% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 134.25% and total cumulative return in cash totals $159,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,731/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.51 Acres 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: Danis Goins • Resource Realty Services
Mls Name: CVRMLS
Mls ID: #2533093