2009 Cool LnRichmondVA23223
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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 2009 Cool Ln, Richmond, VA, 23223 generates $1,572/mo in rent and, after a $930/mo payment, leaves $436/mo in cash flow. Total monthly income is $1,572/mo, and annual cash flow is $5,234/yr on $62,985 invested. Return on cash invested sits at 28.22% in year one, and rental yield is 9.93% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 147.2% and total cumulative return in cash sums $92,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,572/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
9,239 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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Listed by: April Winston • Plentura Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2518039
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 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.