302 James AveColonial HeightsVA23834
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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 Colonial Heights at 302 James Ave, Colonial Heights, VA, 23834 with 5% annual appreciation on a $179,950 basis while $1,357/mo rent supports operations. Total monthly income totals $1,357/mo and a $881/mo payment preserves $281/mo for cash returns. Annual cash flow comes to $3,373/yr on $59,653 deployed, and return on cash invested reaches 25.56% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,717 alongside rental yield of 9.05%. Five-year ROI measures 132.97% and total cumulative return in cash totals $79,321.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,357/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Jennifer McCray • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2522630