309 W Granby StRichmondVA23220
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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 309 W Granby St, Richmond, VA, 23220 offers $1,920/mo rent that, after a $5,359/mo payment. Total monthly income is $1,920/mo. Return on cash invested measures 4.73% in year one, and rental yield stands at 2.1% at a $1,095,000 entry. Equity gained on principal adds $7,066/yr while 5% annual appreciation compounds into $302,528 by year five. Five-year ROI records 21.04% and total cumulative return in cash reaches $74,638. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $5,359/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1912
1,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
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