10211 Elokomin AveNorth ChesterfieldVA23237
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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 North Chesterfield at 10211 Elokomin Ave, North Chesterfield, VA, 23237 offers a 8.16% rental yield on a $249,900 purchase with $1,699/mo rent. Total monthly income registers $1,699/mo, and a $1,223/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,463/yr on $82,842 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 118.55% and total cumulative return in cash at $98,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,699/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23237, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,717 (100%) |
| Owner Occupied HU | 6,858 (70.6%) |
| Renter Occupied HU | 2,645 (27.2%) |
| Vacant Housing Units | 214 ( 2.2%) |
| Median Home Value | $334,173 |
| Average Home Value | $350,422 |
Housing Distribution
Address Breakdown
Residential
10,115
Single Family
9,550
Multi-Family
565
Businesses
512
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Listed by: Steve O Overgard • Weichert Brockwell & Associate
Mls Name: CVRMLS
Mls ID: #2533882