Element Plan, Charter ColonyMidlothianVA23114
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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 Midlothian at Element Plan, Charter Colony, Midlothian, VA, 23114 generates $1,620/mo in rent, after a $2,873/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 8.32% in year one, and rental yield is 3.31% on a $586,950 entry. Equity gained on principal adds $3,788/yr, while 5% annual appreciation builds toward $162,163 over five years. Five-year ROI reaches 40.41% and total cumulative return in cash sums $78,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23114, Midlothian, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 7,040 (67.2%) |
| Renter Occupied HU | 2,981 (28.5%) |
| Vacant Housing Units | 449 ( 4.3%) |
| Median Home Value | $416,240 |
| Average Home Value | $446,833 |
Housing Distribution
Address Breakdown
Residential
9,720
Single Family
8,116
Multi-Family
1,604
Businesses
355
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Listed by: Laura Ellis • HHHunt Homes
Mls Name: HHHunt Homes
Mls Provider:
Mls ID: #N/A