1503 & 1501 Brook RdRichmondVA23220
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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
Total monthly income runs $2,495/mo, and a $4,381/mo payment. Purchase price stands at $895,000, and rental yield measures 3.35% with $2,495/mo rent. Return on cash invested shows 8.42% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 40.94% and total cumulative return in cash records $120,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,495/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
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