3109 N Parham Rd APT 17HenricoVA23294
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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 Henrico at 3109 N Parham Rd APT 17, Henrico, VA, 23294 uses $68,621 cash to close to unlock $6,381/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,013/mo payment keeps the spread at $532/mo. Purchase price stands at $207,000, and rental yield measures 10.26% with $1,769/mo rent. Return on cash invested shows 29.21% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 152.43% and total cumulative return in cash records $104,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Condo
Built in 1964
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23294, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,830 (100%) |
| Owner Occupied HU | 3,046 (34.5%) |
| Renter Occupied HU | 5,451 (61.7%) |
| Vacant Housing Units | 333 ( 3.8%) |
| Median Home Value | $344,580 |
| Average Home Value | $456,274 |
Housing Distribution
Address Breakdown
Residential
8,723
Single Family
6,458
Multi-Family
2,265
Businesses
904
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