3019 Grayland AveRichmondVA23221
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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
Rental property for sale in Richmond at 3019 Grayland Ave, Richmond, VA, 23221 offers $2,130/mo rent that, after a $734/mo payment, leaves $1,184/mo cash flow. Total monthly income is $2,130/mo, and annual cash flow is $14,202/yr on $49,725 cash. Return on cash invested measures 48.47% in year one, and rental yield stands at 17.04% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 256.23% and total cumulative return in cash reaches $127,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,130/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
2,395 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
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