1108 E 15th StRichmondVA23224
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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 1108 E 15th St, Richmond, VA, 23224 uses $38,123 cash to close to unlock $10,529/yr annual cash flow and $877/mo monthly cash flow. Total monthly income runs $1,565/mo, and a $563/mo payment keeps the spread at $877/mo. Purchase price stands at $115,000, and rental yield measures 16.33% with $1,565/mo rent. Return on cash invested shows 47.53% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 250.74% and total cumulative return in cash records $95,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,565/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,678 sqft 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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