2005 Old Manchester StRichmondVA23225
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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
Rental property for sale in Richmond at 2005 Old Manchester St, Richmond, VA, 23225 generates $3,110/mo in rent and, after a $1,919/mo payment, leaves $766/mo in cash flow. Total monthly income is $3,110/mo, and annual cash flow is $9,196/yr on $129,948 invested. Return on cash invested sits at 26.99% in year one, and rental yield is 9.52% on a $392,000 entry. Equity gained on principal adds $2,530/yr, while 5% annual appreciation builds toward $108,302 over five years. Five-year ROI reaches 140.54% and total cumulative return in cash sums $182,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,110/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
1,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23225, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,473 (100%) |
| Owner Occupied HU | 8,554 (39.8%) |
| Renter Occupied HU | 11,339 (52.8%) |
| Vacant Housing Units | 1,580 ( 7.4%) |
| Median Home Value | $384,290 |
| Average Home Value | $457,334 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
15,467
Multi-Family
5,584
Businesses
1,099
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