2900 Gay AveHenricoVA23231
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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 Henrico at 2900 Gay Ave, Henrico, VA, 23231 uses $99,450 cash to close to unlock $7,332/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $2,404/mo, and a $1,468/mo payment keeps the spread at $611/mo. Purchase price stands at $300,000, and rental yield measures 9.62% with $2,404/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 142.08% and total cumulative return in cash records $141,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,404/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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