2303 Parkside AveHenricoVA23228
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 2303 Parkside Ave, Henrico, VA, 23228 in Henrico worth modelling. At $355,000 with a 7.64% gross yield, the $2,259/mo rent leaves $137/mo after the $1,596/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.42 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $98,080 by year five; $3,270/yr in principal reduction adds further equity. Total projected return: $143,141.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 5.5% |
| Monthly Cash Flow | $137 | $300 |
City averages based on Henrico market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,259 |
| Total Monthly Debt Service | $1,981 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
4,552 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
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
Single Family
Built in 1951
4,552 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices