1020 Porter St APT 204RichmondVA23224
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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 Richmond at 1020 Porter St APT 204, Richmond, VA, 23224 earns $169/mo cash flow from $1,478/mo rent with a $1,072/mo payment. Total monthly income totals $1,478/mo, and annual cash flow totals $2,025/yr on $72,599 capital. ROI tracks 22.7% on current figures, and rental yield reads 8.1% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 117.54% and total cumulative return in cash sums $85,329. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,478/mo property income instead of your personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23224, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 5,371 (27.2%) |
| Renter Occupied HU | 12,527 (63.5%) |
| Vacant Housing Units | 1,834 ( 9.3%) |
| Median Home Value | $217,533 |
| Average Home Value | $299,484 |
Housing Distribution
Address Breakdown
Residential
19,419
Single Family
14,615
Multi-Family
4,804
Businesses
1,358
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