2400 Grey Forge PlHenricoVA23233
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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 Henrico at 2400 Grey Forge Pl, Henrico, VA, 23233 offers a 10.01% rental yield on a $262,500 purchase with $2,190/mo rent. Total monthly income registers $2,190/mo, and a $1,285/mo payment leaves $621/mo available for distribution. Annual cash flow reaches $7,447/yr on $87,019 to close, and return on cash invested stands at 28.47% in year one. Equity gained on principal adds $1,694/yr while 5% annual appreciation supports $72,524 over five years. Portfolio math shows five-year ROI at 148.48% and total cumulative return in cash at $129,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,190/mo property income against a $1,285/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
15.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23233, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 9,038 (66.1%) |
| Renter Occupied HU | 4,111 (30.1%) |
| Vacant Housing Units | 529 ( 3.9%) |
| Median Home Value | $551,395 |
| Average Home Value | $575,277 |
Housing Distribution
Address Breakdown
Residential
14,201
Single Family
11,282
Multi-Family
2,919
Businesses
975
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