1012 Park AveRichmondVA23220
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 1012 Park Ave, Richmond, VA, 23220 earns from $1,614/mo rent with a $7,831/mo payment. Total monthly income totals $1,614/mo. ROI tracks 1.97% on current figures, and rental yield reads 1.21% at a $1,600,000 purchase. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 over five years. Five-year ROI reaches 6.24% and total cumulative return in cash sums $32,343. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,614/mo property income instead of your personal income.
Multi Family
Built in 1910
2,657 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices