Asheboro Plan, McGhee's OutlookMechanicsvilleVA23111
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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 Asheboro Plan, McGhee's Outlook, Mechanicsville, VA, 23111 listed at $614,990 pairs $2,400/mo rent with a $3,010/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 12.49% in year one, and rental yield registers 4.68% at a $614,990 basis. Equity gained on principal adds $3,968/yr, and annual property appreciation at 5% supports $169,910 by year five. Five-year ROI tracks 62.75% and total cumulative return in cash totals $126,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $3,010/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23111, Mechanicsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,493 (100%) |
| Owner Occupied HU | 12,596 (76.4%) |
| Renter Occupied HU | 3,426 (20.8%) |
| Vacant Housing Units | 471 ( 2.9%) |
| Median Home Value | $366,412 |
| Average Home Value | $402,769 |
Housing Distribution
Address Breakdown
Residential
15,741
Single Family
14,906
Multi-Family
835
Businesses
1,070
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Listed by: N/A • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A