1 King StRichmondVA23222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richmond at 1 King St, Richmond, VA, 23222 with 5% annual appreciation on a $449,900 basis while $2,708/mo rent supports operations. Total monthly income totals $2,708/mo and a $2,202/mo payment preserves $19/mo for cash returns. Annual cash flow comes to $223/yr on $149,142 deployed, and return on cash invested reaches 20.06% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 7.22%. Five-year ROI measures 103.37% and total cumulative return in cash totals $154,162.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,708/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
4,695 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23222, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,389 (100%) |
| Owner Occupied HU | 5,700 (46.0%) |
| Renter Occupied HU | 5,278 (42.6%) |
| Vacant Housing Units | 1,411 (11.4%) |
| Median Home Value | $283,438 |
| Average Home Value | $341,200 |
Housing Distribution
Address Breakdown
Residential
11,351
Single Family
10,018
Multi-Family
1,333
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices