2303 Venable StRichmondVA23223
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 Richmond at 2303 Venable St, Richmond, VA, 23223 priced at $314,600 pairs $2,789/mo rent with $895/mo cash flow after a $1,540/mo payment. Total monthly income equals $2,789/mo, and annual cash flow comes to $10,738/yr on $104,290 invested. Return on cash invested is 30.21% in year one, and rental yield stands at 10.64% on a $314,600 basis. Equity gained on principal adds $2,030/yr, and 5% annual appreciation accumulates to $86,918 by year five. Five-year ROI measures 157.83% and total cumulative return in cash reaches $164,604. For financing, Ziffy Mortgage’s DSCR program evaluates $2,789/mo property income against a $1,540/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1902
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices