3117 Meadowbridge RdRichmondVA23222
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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 3117 Meadowbridge Rd, Richmond, VA, 23222 listed at $1,887,100 pairs $1,914/mo rent with a $9,236/mo payment. Total monthly income runs $1,914/mo. Return on cash invested measures 1.99% in year one, and rental yield registers 1.22% at a $1,887,100 basis. Equity gained on principal adds $12,177/yr, and annual property appreciation at 5% supports $521,371 by year five. Five-year ROI tracks 6.35% and total cumulative return in cash totals $38,829. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,914/mo property income relative to a $9,236/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23222, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,389 (100%) |
| Owner Occupied HU | 5,700 (46.0%) |
| Renter Occupied HU | 5,278 (42.6%) |
| Vacant Housing Units | 1,411 (11.4%) |
| Median Home Value | $283,438 |
| Average Home Value | $341,200 |
Housing Distribution
Address Breakdown
Residential
11,351
Single Family
10,018
Multi-Family
1,333
Businesses
504
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