2956 Hathaway Rd #U1108RichmondVA23225
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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 2956 Hathaway Rd #U1108, Richmond, VA, 23225 uses $82,875 cash to close to unlock $9,794/yr annual cash flow and $816/mo monthly cash flow. Total monthly income runs $2,311/mo, and a $1,224/mo payment keeps the spread at $816/mo. Purchase price stands at $250,000, and rental yield measures 11.09% with $2,311/mo rent. Return on cash invested shows 31.73% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 165.99% and total cumulative return in cash records $137,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,311/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1972
4.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23225, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,473 (100%) |
| Owner Occupied HU | 8,554 (39.8%) |
| Renter Occupied HU | 11,339 (52.8%) |
| Vacant Housing Units | 1,580 ( 7.4%) |
| Median Home Value | $384,290 |
| Average Home Value | $457,334 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
15,467
Multi-Family
5,584
Businesses
1,099
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