317 N 2nd StRichmondVA23219
Nearby investment properties with comparable rents
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 317 N 2nd St, Richmond, VA, 23219 offers $1,478/mo rent that, after a $966/mo payment, leaves $48/mo cash flow. Total monthly income is $1,478/mo, and annual cash flow is $578/yr on $65,438 cash. Return on cash invested measures 20.79% in year one, and rental yield stands at 8.98% at a $197,400 entry. Equity gained on principal adds $1,274/yr while 5% annual appreciation compounds into $54,538 by year five. Five-year ROI records 109.03% and total cumulative return in cash reaches $71,348. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,478/mo property income versus a $966/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23219, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,932 (100%) |
| Owner Occupied HU | 264 ( 5.4%) |
| Renter Occupied HU | 4,107 (83.3%) |
| Vacant Housing Units | 561 (11.4%) |
| Median Home Value | $402,427 |
| Average Home Value | $389,330 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
641
Multi-Family
4,024
Businesses
1,337
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