316 N Hamilton StRichmondVA23221
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Nearby investment properties with comparable prices
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
Rental property for sale in Richmond at 316 N Hamilton St, Richmond, VA, 23221 priced at $782,137 converts $4,270/mo rent into after a $3,828/mo obligation. Total monthly income equals $4,270/mo. Return on cash invested prints 17.59% in year one, and rental yield reads 6.55% against a $782,137 entry. Equity gained on principal adds $5,047/yr, while 5% annual appreciation compiles into $216,090 by year five. Five-year ROI reaches 90.28% and total cumulative return in cash sums $232,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,270/mo property income covering a $3,828/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
1,189 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23221, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,345 (100%) |
| Owner Occupied HU | 3,976 (47.6%) |
| Renter Occupied HU | 3,922 (47.0%) |
| Vacant Housing Units | 447 ( 5.4%) |
| Median Home Value | $592,338 |
| Average Home Value | $684,208 |
Housing Distribution
Address Breakdown
Residential
7,935
Single Family
5,547
Multi-Family
2,388
Businesses
641
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Nearby investment properties with comparable prices
Listed by: Kim Sebrell • Keller Williams Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424167
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.