2702 Cheatham StRichmondVA23234
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
Investment property for sale in Richmond at 2702 Cheatham St, Richmond, VA, 23234 offers a 8.08% rental yield on a $229,950 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $1,125/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,087/yr on $76,228 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,531 over five years. Portfolio math shows five-year ROI at 117.22% and total cumulative return in cash at $89,355. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
7,683 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23234, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,681 (100%) |
| Owner Occupied HU | 10,172 (54.5%) |
| Renter Occupied HU | 7,538 (40.4%) |
| Vacant Housing Units | 971 ( 5.2%) |
| Median Home Value | $316,894 |
| Average Home Value | $348,315 |
Housing Distribution
Address Breakdown
Residential
18,357
Single Family
16,954
Multi-Family
1,403
Businesses
765
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices