227 Lafayette AveColonial HeightsVA23834
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
Investment Highlights
Rental property for sale in Colonial Heights at 227 Lafayette Ave, Colonial Heights, VA, 23834 priced at $211,900 converts $1,547/mo rent into $280/mo cash flow after a $1,037/mo obligation. Total monthly income equals $1,547/mo, and annual cash flow totals $3,365/yr on $70,245 invested. Return on cash invested prints 24.7% in year one, and rental yield reads 8.76% against a $211,900 entry. Equity gained on principal adds $1,367/yr, while 5% annual appreciation compiles into $58,544 by year five. Five-year ROI reaches 128.28% and total cumulative return in cash sums $90,108. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,547/mo property income covering a $1,037/mo payment, not borrower’s personal income.
Single Family
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Wes Estes • RE/MAX Commonwealth
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424481
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.