Waterford 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 Waterford Plan, Reed Marsh, Goochland, VA, 23063 offers a 8.07% rental yield on a $647,490 purchase with $4,354/mo rent. Total monthly income registers $4,354/mo, and a $3,169/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,803/yr on $213,024 to close, and return on cash invested stands at 22.78% in year one. Equity gained on principal adds $4,178/yr while 5% annual appreciation supports $178,890 over five years. Portfolio math shows five-year ROI at 117.94% and total cumulative return in cash at $251,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,354/mo property income against a $3,169/mo payment rather than investor’s personal income documents like 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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