11120 Pennway DrNorth ChesterfieldVA23236
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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 11120 Pennway Dr, North Chesterfield, VA, 23236 uses $127,628 cash to close to unlock $6,875/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $2,874/mo, and a $1,884/mo payment keeps the spread at $573/mo. Purchase price stands at $385,000, and rental yield measures 8.96% with $2,874/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 131.44% and total cumulative return in cash records $167,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,874/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23236, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,328 (100%) |
| Owner Occupied HU | 9,703 (85.7%) |
| Renter Occupied HU | 1,337 (11.8%) |
| Vacant Housing Units | 288 ( 2.5%) |
| Median Home Value | $372,797 |
| Average Home Value | $437,998 |
Housing Distribution
Address Breakdown
Residential
11,090
Single Family
10,807
Multi-Family
283
Businesses
1,046
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Listed by: Brandon Allen • River City Elite Properties - Real Broker
Mls Name: CVRMLS
Mls ID: #2600632