2604 Perry StRichmondVA23225
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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 2604 Perry St, Richmond, VA, 23225 listed at $269,000 pairs $1,729/mo rent with a $1,317/mo payment to leave $121/mo cash flow. Total monthly income runs $1,729/mo, and annual cash flow reaches $1,447/yr on $89,174 cash to close. Return on cash invested measures 21.53% in year one, and rental yield registers 7.71% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 111.29% and total cumulative return in cash totals $99,239. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,729/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
4,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23225, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,473 (100%) |
| Owner Occupied HU | 8,554 (39.8%) |
| Renter Occupied HU | 11,339 (52.8%) |
| Vacant Housing Units | 1,580 ( 7.4%) |
| Median Home Value | $384,290 |
| Average Home Value | $457,334 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
15,467
Multi-Family
5,584
Businesses
1,099
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