307 Washington 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 307 Washington Ave, Colonial Heights, VA, 23834 listed at $319,500 pairs $3,178/mo rent with a $1,564/mo payment to leave $1,268/mo cash flow. Total monthly income runs $3,178/mo, and annual cash flow reaches $15,214/yr on $105,914 cash to close. Return on cash invested measures 34.27% in year one, and rental yield registers 11.94% at a $319,500 basis. Equity gained on principal adds $2,062/yr, and annual property appreciation at 5% supports $88,272 by year five. Five-year ROI tracks 179.59% and total cumulative return in cash totals $190,214. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,178/mo property income relative to a $1,564/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
5,662 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: Faith Heaton • Cole Real Estate, Inc.
Mls Name: CVRMLS
Mls ID: #2518398