115 N Elm AveHenricoVA23075
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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 Henrico at 115 N Elm Ave, Henrico, VA, 23075 priced at $269,950 converts $2,104/mo rent into $491/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,104/mo, and annual cash flow totals $5,887/yr on $89,488 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 9.35% against a $269,950 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,582 by year five. Five-year ROI reaches 137.86% and total cumulative return in cash sums $123,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,104/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23075, Highland Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,274 (100%) |
| Owner Occupied HU | 2,457 (57.5%) |
| Renter Occupied HU | 1,620 (37.9%) |
| Vacant Housing Units | 197 ( 4.6%) |
| Median Home Value | $236,462 |
| Average Home Value | $363,458 |
Housing Distribution
Address Breakdown
Residential
4,254
Single Family
4,103
Multi-Family
151
Businesses
211
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