1507 Thistle Rd APT 204HenricoVA23238
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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 1507 Thistle Rd APT 204, Henrico, VA, 23238 uses $66,283 cash to close to unlock $4,925/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $979/mo payment keeps the spread at $410/mo. Purchase price stands at $199,950, and rental yield measures 11.64% with $1,940/mo rent. Return on cash invested shows 27.34% in year one, and 5% annual appreciation builds toward $55,243 over five years. Five-year ROI reaches 144.64% and total cumulative return in cash records $95,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
$334 monthly 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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Listed by: Richard Buckingham • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426493
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.