1237 Elmart LnNorth ChesterfieldVA23235
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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 1237 Elmart Ln, North Chesterfield, VA, 23235 uses $149,175 cash to close to unlock $14,382/yr annual cash flow and $1,199/mo monthly cash flow. Total monthly income runs $3,889/mo, and a $2,203/mo payment keeps the spread at $1,199/mo. Purchase price stands at $450,000, and rental yield measures 10.37% with $3,889/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 154.28% and total cumulative return in cash records $230,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,889/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
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Listed by: Brendan Scanlon • Allison James Estates & Homes
Mls Name: CVRMLS
Mls ID: #2519462