2109 North AveRichmondVA23222
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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 2109 North Ave, Richmond, VA, 23222 listed at $507,000 pairs $1,997/mo rent with a $2,482/mo payment. Total monthly income runs $1,997/mo. Return on cash invested measures 11.4% in year one, and rental yield registers 4.73% at a $507,000 basis. Equity gained on principal adds $3,272/yr, and annual property appreciation at 5% supports $140,075 by year five. Five-year ROI tracks 57.36% and total cumulative return in cash totals $95,685. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,997/mo property income relative to a $2,482/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2007
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23222, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,389 (100%) |
| Owner Occupied HU | 5,700 (46.0%) |
| Renter Occupied HU | 5,278 (42.6%) |
| Vacant Housing Units | 1,411 (11.4%) |
| Median Home Value | $283,438 |
| Average Home Value | $341,200 |
Housing Distribution
Address Breakdown
Residential
11,351
Single Family
10,018
Multi-Family
1,333
Businesses
504
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