3108 Lake Village DrRichmondVA23235
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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 Richmond at 3108 Lake Village Dr, Richmond, VA, 23235 listed at $250,000 pairs $2,000/mo rent with a $1,224/mo payment. Total monthly income runs $2,000/mo. Return on cash invested measures 18.34% in year one, and rental yield registers 9.6% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 97.37% and total cumulative return in cash totals $80,698. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,000/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
$562 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
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Listed by: Maribeth Lacy • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2521772
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 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.