Caldwell 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
Rental property for sale in Mechanicsville at Caldwell Plan, McGhee's Outlook, Mechanicsville, VA, 23111 priced at $624,990 converts $2,400/mo rent into after a $3,059/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 12.26% in year one, and rental yield reads 4.61% against a $624,990 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,673 by year five. Five-year ROI reaches 61.52% and total cumulative return in cash sums $126,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 2024
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: Kristina, Kyle, Amanda, Tara, Caity, and Leslie Ri • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A