2307 1st AveRichmondVA23222
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 2307 1st Ave, Richmond, VA, 23222 generates $1,170/mo in rent, after a $979/mo payment. Total monthly income is $1,170/mo. Return on cash invested sits at 19.45% in year one, and rental yield is 7.02% on a $199,950 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,243 over five years. Five-year ROI reaches 100.12% and total cumulative return in cash sums $66,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,170/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23222, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,389 (100%) |
| Owner Occupied HU | 5,700 (46.0%) |
| Renter Occupied HU | 5,278 (42.6%) |
| Vacant Housing Units | 1,411 (11.4%) |
| Median Home Value | $283,438 |
| Average Home Value | $341,200 |
Housing Distribution
Address Breakdown
Residential
11,351
Single Family
10,018
Multi-Family
1,333
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices