2962 Gaffney 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 2962 Gaffney Rd, North Chesterfield, VA, 23237 uses $113,373 cash to close to unlock $7,494/yr annual cash flow and $625/mo monthly cash flow. Total monthly income runs $2,669/mo, and a $1,674/mo payment keeps the spread at $625/mo. Purchase price stands at $342,000, and rental yield measures 9.36% with $2,669/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $94,488 over five years. Five-year ROI reaches 138.02% and total cumulative return in cash records $156,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,669/mo property income covering a $1,674/mo payment rather than investor’s personal income.
Single Family
Built in 1964
10,236 sqft 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: Alan King • Larry King Realty
Mls Name: CVRMLS
Mls ID: #2529658