19 W Locke Ln UNIT 1RichmondVA23226
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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 19 W Locke Ln UNIT 1, Richmond, VA, 23226 with 5% annual appreciation on a $385,500 basis while $3,328/mo rent supports operations. Total monthly income totals $3,328/mo and a $1,887/mo payment preserves $1,023/mo for cash returns. Annual cash flow comes to $12,280/yr on $127,793 deployed, and return on cash invested reaches 29.52% in year one. Equity gained on principal adds $2,488/yr, and five-year appreciation sums $106,507 alongside rental yield of 10.36%. Five-year ROI measures 154.11% and total cumulative return in cash totals $196,943.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,328/mo property income versus a $1,887/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
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