2233 Lancers BlvdNorth ChesterfieldVA23224
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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 North Chesterfield at 2233 Lancers Blvd, North Chesterfield, VA, 23224 priced at $385,000 converts $3,008/mo rent into $707/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,008/mo, and annual cash flow totals $8,483/yr on $127,628 invested. Return on cash invested prints 26.56% in year one, and rental yield reads 9.38% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 138.19% and total cumulative return in cash sums $176,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,008/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23224, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 5,371 (27.2%) |
| Renter Occupied HU | 12,527 (63.5%) |
| Vacant Housing Units | 1,834 ( 9.3%) |
| Median Home Value | $217,533 |
| Average Home Value | $299,484 |
Housing Distribution
Address Breakdown
Residential
19,419
Single Family
14,615
Multi-Family
4,804
Businesses
1,358
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Listed by: Walter Mena • NextHome Partners Realty
Mls Name: CVRMLS
Mls ID: #2533598