2611 Stoney CtHenricoVA23233
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
Rental property for sale in Henrico at 2611 Stoney Ct, Henrico, VA, 23233 priced at $355,000 converts $2,710/mo rent into $365/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,710/mo, and annual cash flow totals $4,385/yr on $117,683 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.16% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 123.39% and total cumulative return in cash sums $145,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,710/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
2,069 sqft lot
$N/A/sqft
$222 monthly 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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Listed by: Grace Virginia Nelson • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423967
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.