107 Colter DrRichmondVA23223
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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
Rental property for sale in Richmond at 107 Colter Dr, Richmond, VA, 23223 priced at $275,000 converts $2,306/mo rent into $662/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,306/mo, and annual cash flow totals $7,945/yr on $91,163 invested. Return on cash invested prints 28.62% in year one, and rental yield reads 10.06% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 149.35% and total cumulative return in cash sums $136,151. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,306/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Townhouse
Built in 2009
1,699 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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