1503 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 1503 Largo Rd APT 201, Henrico, VA, 23238 earns $332/mo cash flow from $1,486/mo rent with a $945/mo payment. Total monthly income totals $1,486/mo, and annual cash flow totals $3,983/yr on $63,980 capital. ROI tracks 26.13% on current figures, and rental yield reads 9.24% at a $193,000 purchase. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,322 over five years. Five-year ROI reaches 135.95% and total cumulative return in cash sums $86,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,486/mo property income instead of your personal income.
Condo
Built in 1976
871.20 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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