20 Waterfall Rd #20HenricoVA23228
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.75, 20 Waterfall Rd #20, Henrico, VA, 23228 in Henrico sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.44%. The 9.44% yield is backed by 5% annual appreciation projecting $44,205 in value gain, plus $1,474/yr in principal reduction. Total projected cumulative return: $37,564.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.5% |
| Monthly Cash Flow | $(405) | $300 |
City averages based on Henrico market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,259 |
| Total Monthly Debt Service | $1,601 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1962
13.19 Acres lot
$N/A/sqft
$708 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23228, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,144 (100%) |
| Owner Occupied HU | 8,248 (48.1%) |
| Renter Occupied HU | 7,692 (44.9%) |
| Vacant Housing Units | 1,204 ( 7.0%) |
| Median Home Value | $332,455 |
| Average Home Value | $374,834 |
Housing Distribution
Address Breakdown
Residential
16,712
Single Family
13,678
Multi-Family
3,034
Businesses
1,377
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1962
13.19 Acres lot
$N/A/sqft
$708 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23228, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,144 (100%) |
| Owner Occupied HU | 8,248 (48.1%) |
| Renter Occupied HU | 7,692 (44.9%) |
| Vacant Housing Units | 1,204 ( 7.0%) |
| Median Home Value | $332,455 |
| Average Home Value | $374,834 |
Housing Distribution
Address Breakdown
Residential
16,712
Single Family
13,678
Multi-Family
3,034
Businesses
1,377
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cat Wilcox • Samson Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427362
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.