2300 Martin StHenricoVA23228
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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 Henrico at 2300 Martin St, Henrico, VA, 23228 listed at $299,500 pairs $2,617/mo rent with a $1,466/mo payment to leave $827/mo cash flow. Total monthly income runs $2,617/mo, and annual cash flow reaches $9,918/yr on $99,284 cash to close. Return on cash invested measures 29.9% in year one, and rental yield registers 10.49% at a $299,500 basis. Equity gained on principal adds $1,933/yr, and annual property appreciation at 5% supports $82,746 by year five. Five-year ROI tracks 156.16% and total cumulative return in cash totals $155,039. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,617/mo property income relative to a $1,466/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
7,893 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23228, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,144 (100%) |
| Owner Occupied HU | 8,248 (48.1%) |
| Renter Occupied HU | 7,692 (44.9%) |
| Vacant Housing Units | 1,204 ( 7.0%) |
| Median Home Value | $332,455 |
| Average Home Value | $374,834 |
Housing Distribution
Address Breakdown
Residential
16,712
Single Family
13,678
Multi-Family
3,034
Businesses
1,377
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