2737 St Elias Dr #BHenricoVA23294
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2737 St Elias Dr #B, Henrico, VA, 23294 in Henrico: $3,419/mo in rent, $813/mo net, 10.26% gross yield, all on a $399,950 acquisition. The 1.90 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $110,499 in value, and $3,684/yr in principal paydown steadily builds equity. Projected total cumulative return: $217,493.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.5% |
| Monthly Cash Flow | $813 | $300 |
City averages based on Henrico market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,419 |
| Total Monthly Debt Service | $2,232 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2022
13.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23294, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,830 (100%) |
| Owner Occupied HU | 3,046 (34.5%) |
| Renter Occupied HU | 5,451 (61.7%) |
| Vacant Housing Units | 333 ( 3.8%) |
| Median Home Value | $344,580 |
| Average Home Value | $456,274 |
Housing Distribution
Address Breakdown
Residential
8,723
Single Family
6,458
Multi-Family
2,265
Businesses
904
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
Condo
Built in 2022
13.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23294, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,830 (100%) |
| Owner Occupied HU | 3,046 (34.5%) |
| Renter Occupied HU | 5,451 (61.7%) |
| Vacant Housing Units | 333 ( 3.8%) |
| Median Home Value | $344,580 |
| Average Home Value | $456,274 |
Housing Distribution
Address Breakdown
Residential
8,723
Single Family
6,458
Multi-Family
2,265
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices