2912 Ellwood AveRichmondVA23221
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 Richmond at 2912 Ellwood Ave, Richmond, VA, 23221 priced at $601,900 pairs $2,786/mo rent with after a $2,946/mo payment. Total monthly income equals $2,786/mo. Return on cash invested is 14.57% in year one, and rental yield stands at 5.55% on a $601,900 basis. Equity gained on principal adds $3,884/yr, and 5% annual appreciation accumulates to $166,294 by year five. Five-year ROI measures 74.13% and total cumulative return in cash reaches $146,792. For financing, Ziffy Mortgage’s DSCR program evaluates $2,786/mo property income against a $2,946/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1911
2,709 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23221, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,345 (100%) |
| Owner Occupied HU | 3,976 (47.6%) |
| Renter Occupied HU | 3,922 (47.0%) |
| Vacant Housing Units | 447 ( 5.4%) |
| Median Home Value | $592,338 |
| Average Home Value | $684,208 |
Housing Distribution
Address Breakdown
Residential
7,935
Single Family
5,547
Multi-Family
2,388
Businesses
641
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices