1040 Bowe St #ARichmondVA23220
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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 1040 Bowe St #A, Richmond, VA, 23220 listed at $391,480 pairs $2,256/mo rent with a $1,916/mo payment. Total monthly income runs $2,256/mo. Return on cash invested measures 17.49% in year one, and rental yield registers 6.92% at a $391,480 basis. Equity gained on principal adds $2,526/yr, and annual property appreciation at 5% supports $108,159 by year five. Five-year ROI tracks 90.21% and total cumulative return in cash totals $117,065. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,256/mo property income relative to a $1,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
$177 monthly 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
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Listed by: Martin Alloy • SM Brokerage LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2429021
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.