230 N 6th St #U714RichmondVA23219
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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 230 N 6th St #U714, Richmond, VA, 23219 listed at $274,950 pairs $1,754/mo rent with a $1,346/mo payment to leave $110/mo cash flow. Total monthly income runs $1,754/mo, and annual cash flow reaches $1,322/yr on $91,146 cash to close. Return on cash invested measures 21.36% in year one, and rental yield registers 7.66% at a $274,950 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,964 by year five. Five-year ROI tracks 110.39% and total cumulative return in cash totals $100,615. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,754/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1925
701.32 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23219, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,932 (100%) |
| Owner Occupied HU | 264 ( 5.4%) |
| Renter Occupied HU | 4,107 (83.3%) |
| Vacant Housing Units | 561 (11.4%) |
| Median Home Value | $402,427 |
| Average Home Value | $389,330 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
641
Multi-Family
4,024
Businesses
1,337
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