2940 Dundas RdNorth ChesterfieldVA23237
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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 North Chesterfield at 2940 Dundas Rd, North Chesterfield, VA, 23237 offers a 11.94% rental yield on a $224,950 purchase with $2,239/mo rent. Total monthly income registers $2,239/mo, and a $1,101/mo payment leaves $894/mo available for distribution. Annual cash flow reaches $10,732/yr on $74,571 to close, and return on cash invested stands at 34.3% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,150 over five years. Portfolio math shows five-year ROI at 179.76% and total cumulative return in cash at $134,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,239/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23237, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,717 (100%) |
| Owner Occupied HU | 6,858 (70.6%) |
| Renter Occupied HU | 2,645 (27.2%) |
| Vacant Housing Units | 214 ( 2.2%) |
| Median Home Value | $334,173 |
| Average Home Value | $350,422 |
Housing Distribution
Address Breakdown
Residential
10,115
Single Family
9,550
Multi-Family
565
Businesses
512
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Listed by: Daria Dudding • The Hogan Group Real Estate
Mls Name: CVRMLS
Mls ID: #2533566