1506 Little John RdRichmondVA23227
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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
Rental property for sale in Richmond at 1506 Little John Rd, Richmond, VA, 23227 priced at $289,531 pairs $2,914/mo rent with $1,057/mo cash flow after a $1,417/mo payment. Total monthly income equals $2,914/mo, and annual cash flow comes to $12,689/yr on $95,980 invested. Return on cash invested is 33.13% in year one, and rental yield stands at 12.08% on a $289,531 basis. Equity gained on principal adds $1,868/yr, and 5% annual appreciation accumulates to $79,992 by year five. Five-year ROI measures 174.06% and total cumulative return in cash reaches $167,065. For financing, Ziffy Mortgage’s DSCR program evaluates $2,914/mo property income against a $1,417/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
10,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23227, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 6,270 (48.9%) |
| Renter Occupied HU | 5,021 (39.2%) |
| Vacant Housing Units | 1,527 (11.9%) |
| Median Home Value | $398,625 |
| Average Home Value | $437,736 |
Housing Distribution
Address Breakdown
Residential
12,489
Single Family
8,738
Multi-Family
3,751
Businesses
634
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Listed by: Daniel Harnsberger • EXP Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2420177
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.