2338 Wrens Nest RdNorth ChesterfieldVA23235
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
Investment property for sale in North Chesterfield at 2338 Wrens Nest Rd, North Chesterfield, VA, 23235 offers a 7.39% rental yield on a $419,999 purchase with $2,585/mo rent. Total monthly income registers $2,585/mo, and a $2,056/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $888/yr on $139,230 to close, and return on cash invested stands at 20.55% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 105.96% and total cumulative return in cash at $147,535. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,585/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny King • Rashkind Saunders & Co.
Mls Name: CVRMLS
Mls ID: #2533311