228 Washington 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 228 Washington Ave, Colonial Heights, VA, 23834 generates $1,912/mo in rent and, after a $1,273/mo payment, leaves $357/mo in cash flow. Total monthly income is $1,912/mo, and annual cash flow is $4,288/yr on $86,190 invested. Return on cash invested sits at 24.88% in year one, and rental yield is 8.82% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 129.28% and total cumulative return in cash sums $111,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,912/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
6,098 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Craig • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2532241