Waverly Plan, McGhee's OutlookMechanicsvilleVA23111
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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 Mechanicsville at Waverly Plan, McGhee's Outlook, Mechanicsville, VA, 23111 priced at $684,990 pairs $3,060/mo rent with after a $3,353/mo payment. Total monthly income equals $3,060/mo. Return on cash invested is 14.55% in year one, and rental yield stands at 5.36% on a $684,990 basis. Equity gained on principal adds $4,420/yr, and 5% annual appreciation accumulates to $189,250 by year five. Five-year ROI measures 73.78% and total cumulative return in cash reaches $166,267. For financing, Ziffy Mortgage’s DSCR program evaluates $3,060/mo property income against a $3,353/mo payment instead of your W2s, 1099s, or 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