1403 Byron StRichmondVA23222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1403 Byron St, Richmond, VA, 23222 uses $62,968 cash to close to unlock $4,359/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $1,499/mo, and a $930/mo payment keeps the spread at $363/mo. Purchase price stands at $189,950, and rental yield measures 9.47% with $1,499/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $52,480 over five years. Five-year ROI reaches 139.74% and total cumulative return in cash records $87,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,499/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1937
10,023 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23222, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,389 (100%) |
| Owner Occupied HU | 5,700 (46.0%) |
| Renter Occupied HU | 5,278 (42.6%) |
| Vacant Housing Units | 1,411 (11.4%) |
| Median Home Value | $283,438 |
| Average Home Value | $341,200 |
Housing Distribution
Address Breakdown
Residential
11,351
Single Family
10,018
Multi-Family
1,333
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices