2714 Alexander AveRichmondVA23234
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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 2714 Alexander Ave, Richmond, VA, 23234 earns $760/mo cash flow from $1,985/mo rent with a $1,003/mo payment. Total monthly income totals $1,985/mo, and annual cash flow totals $9,119/yr on $67,958 capital. ROI tracks 33.33% on current figures, and rental yield reads 11.62% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 174.51% and total cumulative return in cash sums $118,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,985/mo property income instead of your personal income.
Single Family
Built in 1924
8,746 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
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