2431 Ownby Ln #B-9RichmondVA23220
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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 Richmond at 2431 Ownby Ln #B-9, Richmond, VA, 23220 listed at $444,482 pairs $1,920/mo rent with a $2,176/mo payment. Total monthly income runs $1,920/mo. Return on cash invested measures 11.7% in year one, and rental yield registers 5.18% at a $444,482 basis. Equity gained on principal adds $2,868/yr, and annual property appreciation at 5% supports $122,802 by year five. Five-year ROI tracks 59.37% and total cumulative return in cash totals $87,481. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $2,176/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2023
N/A lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
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Listed by: Jenny Maraghy • Compass
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2425066
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.