3109 N Parham Rd APT 40HenricoVA23294
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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 40, Henrico, VA, 23294 uses $67,958 cash to close to unlock $1,115/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $1,003/mo payment keeps the spread at $93/mo. Purchase price stands at $205,000, and rental yield measures 9% with $1,537/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash records $76,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1964
871.20 sqft lot
$N/A/sqft
$219 monthly 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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Listed by: Jared Davis • EXP Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2422606
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.