311 Prince Albert 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 311 Prince Albert Ave, Colonial Heights, VA, 23834 earns $650/mo cash flow from $2,653/mo rent with a $1,640/mo payment. Total monthly income totals $2,653/mo, and annual cash flow totals $7,801/yr on $111,053 capital. ROI tracks 26.93% on current figures, and rental yield reads 9.5% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 140.27% and total cumulative return in cash sums $155,768. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,653/mo property income instead of your personal income.
Single Family
Built in 1986
0.42 Acres 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: Maria Andrea Febres • Spring Hill Real Estate
Mls Name: CVRMLS
Mls ID: #2600283