1301 Porter St #U102RichmondVA23224
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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 1301 Porter St #U102, Richmond, VA, 23224 earns $258/mo cash flow from $1,632/mo rent with a $1,125/mo payment. Total monthly income totals $1,632/mo, and annual cash flow totals $3,095/yr on $76,212 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.52% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 124.33% and total cumulative return in cash sums $94,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,632/mo property income instead of your personal income.
Condo
Built in 1914
879.91 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23224, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 5,371 (27.2%) |
| Renter Occupied HU | 12,527 (63.5%) |
| Vacant Housing Units | 1,834 ( 9.3%) |
| Median Home Value | $217,533 |
| Average Home Value | $299,484 |
Housing Distribution
Address Breakdown
Residential
19,419
Single Family
14,615
Multi-Family
4,804
Businesses
1,358
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