1205 E Main St APT 2WRichmondVA23219
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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 1205 E Main St APT 2W, Richmond, VA, 23219 earns $98/mo cash flow from $2,130/mo rent with a $1,664/mo payment. Total monthly income totals $2,130/mo, and annual cash flow totals $1,172/yr on $112,710 capital. ROI tracks 20.95% on current figures, and rental yield reads 7.52% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 108.16% and total cumulative return in cash sums $121,902. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,130/mo property income instead of your personal income.
Condo
Built in 1870
1,524 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23219, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,932 (100%) |
| Owner Occupied HU | 264 ( 5.4%) |
| Renter Occupied HU | 4,107 (83.3%) |
| Vacant Housing Units | 561 (11.4%) |
| Median Home Value | $402,427 |
| Average Home Value | $389,330 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
641
Multi-Family
4,024
Businesses
1,337
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