1501 Largo Rd APT 201HenricoVA23238
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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 Henrico at 1501 Largo Rd APT 201, Henrico, VA, 23238 offers a 9.53% rental yield on a $198,000 purchase with $1,572/mo rent. Total monthly income registers $1,572/mo, and a $969/mo payment leaves $389/mo available for distribution. Annual cash flow reaches $4,662/yr on $65,637 to close, and return on cash invested stands at 27.01% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 140.69% and total cumulative return in cash at $92,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,572/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
1,128 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23238, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,096 (100%) |
| Owner Occupied HU | 7,702 (63.7%) |
| Renter Occupied HU | 3,836 (31.7%) |
| Vacant Housing Units | 558 ( 4.6%) |
| Median Home Value | $471,764 |
| Average Home Value | $590,169 |
Housing Distribution
Address Breakdown
Residential
12,931
Single Family
10,176
Multi-Family
2,755
Businesses
442
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