17 Flatwater Row UNIT AHenricoVA23231
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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 17 Flatwater Row UNIT A, Henrico, VA, 23231 offers a 8.07% rental yield on a $414,950 purchase with $2,790/mo rent. Total monthly income registers $2,790/mo, and a $2,031/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,714/yr on $137,556 to close, and return on cash invested stands at 22.61% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,643 over five years. Portfolio math shows five-year ROI at 117.06% and total cumulative return in cash at $161,021. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,790/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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