2348 Lancashire DrNorth 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 2348 Lancashire Dr, North Chesterfield, VA, 23235 listed at $405,999 pairs $3,262/mo rent with a $1,987/mo payment to leave $825/mo cash flow. Total monthly income runs $3,262/mo, and annual cash flow reaches $9,902/yr on $134,589 cash to close. Return on cash invested measures 27.27% in year one, and rental yield registers 9.64% at a $405,999 basis. Equity gained on principal adds $2,620/yr, and annual property appreciation at 5% supports $112,170 by year five. Five-year ROI tracks 142.07% and total cumulative return in cash totals $191,211. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,262/mo property income relative to a $1,987/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.42 Acres lot
$N/A/sqft
$120 annually 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: Patricia Clark • RE/MAX Commonwealth
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423869
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.