Davidson Plan, McGhee's OutlookMechanicsvilleVA23111
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
Rental property for sale in Mechanicsville at Davidson Plan, McGhee's Outlook, Mechanicsville, VA, 23111 offers $3,060/mo rent that, after a $3,010/mo payment. Total monthly income is $3,060/mo. Return on cash invested measures 16.41% in year one, and rental yield stands at 5.97% at a $614,990 entry. Equity gained on principal adds $3,968/yr while 5% annual appreciation compounds into $169,910 by year five. Five-year ROI records 83.74% and total cumulative return in cash reaches $169,430. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,060/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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