Sorrento Plan, Reed MarshGoochlandVA23063
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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 Goochland at Sorrento Plan, Reed Marsh, Goochland, VA, 23063 uses $203,977 cash to close to unlock $2,704/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $3,932/mo, and a $3,035/mo payment keeps the spread at $225/mo. Purchase price stands at $619,990, and rental yield measures 7.61% with $3,932/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $171,292 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash records $225,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,932/mo property income covering a $3,035/mo payment rather than investor’s personal income.
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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