301 Virginia St UNIT 907RichmondVA23219
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
Investment property for sale in Richmond at 301 Virginia St UNIT 907, Richmond, VA, 23219 offers a 8.6% rental yield on a $279,000 purchase with $2,000/mo rent. 78% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 93.46% and total cumulative return in cash at $86,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,000/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
827.64 sqft lot
$N/A/sqft
$496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23219, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,932 (100%) |
| Owner Occupied HU | 264 ( 5.4%) |
| Renter Occupied HU | 4,107 (83.3%) |
| Vacant Housing Units | 561 (11.4%) |
| Median Home Value | $402,427 |
| Average Home Value | $389,330 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
641
Multi-Family
4,024
Businesses
1,337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lacy Williams • Joyner Fine Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2425381
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.