9409 Charter Lake 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 9409 Charter Lake Dr, Mechanicsville, VA, 23116 earns $116/mo cash flow from $3,433/mo rent with a $2,716/mo payment. Total monthly income totals $3,433/mo, and annual cash flow totals $1,390/yr on $182,579 capital. ROI tracks 20.82% on current figures, and rental yield reads 7.42% at a $554,950 purchase. Equity gained on principal adds $3,581/yr, and 5% annual appreciation supports $153,322 over five years. Five-year ROI reaches 107.42% and total cumulative return in cash sums $196,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,433/mo property income instead of your personal income.
Single Family
Built in 2006
9,234 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Burke • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2600243