LOT 6 Kensington LnGoochlandVA23063
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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 Goochland at LOT 6 Kensington Ln, Goochland, VA, 23063 offers $3,848/mo rent that, after a $2,618/mo payment, leaves $650/mo cash flow. Total monthly income is $3,848/mo, and annual cash flow is $7,806/yr on $175,999 cash. Return on cash invested measures 24.5% in year one, and rental yield stands at 8.63% at a $534,950 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,797 by year five. Five-year ROI records 127.13% and total cumulative return in cash reaches $223,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,848/mo property income versus a $2,618/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: 23063, Goochland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,398 (100%) |
| Owner Occupied HU | 1,897 (79.1%) |
| Renter Occupied HU | 311 (13.0%) |
| Vacant Housing Units | 190 ( 7.9%) |
| Median Home Value | $369,325 |
| Average Home Value | $426,061 |
Housing Distribution
Address Breakdown
Residential
2,134
Single Family
2,134
Multi-Family
0
Businesses
244
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