2511 W Broad St #U8RichmondVA23223
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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 2511 W Broad St #U8, Richmond, VA, 23223 listed at $445,000 pairs $2,050/mo rent with a $2,178/mo payment. Total monthly income runs $2,050/mo. Return on cash invested measures 14.95% in year one, and rental yield registers 5.53% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 75.94% and total cumulative return in cash totals $112,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,050/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1850
1,528 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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