1701 Lakeview AveRichmondVA23220
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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 Richmond at 1701 Lakeview Ave, Richmond, VA, 23220 listed at $527,000 pairs $4,487/mo rent with a $2,579/mo payment to leave $1,337/mo cash flow. Total monthly income runs $4,487/mo, and annual cash flow reaches $16,045/yr on $173,383 cash to close. Return on cash invested measures 29.31% in year one, and rental yield registers 10.22% at a $527,000 basis. Equity gained on principal adds $3,401/yr, and annual property appreciation at 5% supports $145,600 by year five. Five-year ROI tracks 152.99% and total cumulative return in cash totals $265,261. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,487/mo property income relative to a $2,579/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
4,682 sqft 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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