1231 Byrd Ave UNIT 2CRichmondVA23226
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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 1231 Byrd Ave UNIT 2C, Richmond, VA, 23226 earns from $3,479/mo rent with a $3,429/mo payment. Total monthly income totals $3,479/mo. ROI tracks 12.78% on current figures, and rental yield reads 5.96% at a $700,500 purchase. Equity gained on principal adds $4,520/yr, and 5% annual appreciation supports $193,535 over five years. Five-year ROI reaches 65.6% and total cumulative return in cash sums $151,181. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,479/mo property income instead of your personal income.
Condo
Built in 2008
1,629 sqft lot
$N/A/sqft
$690 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
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Listed by: Chris Small • Small & Associates
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2515515
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.