3201 Kensington AveRichmondVA23221
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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
Rental property for sale in Richmond at 3201 Kensington Ave, Richmond, VA, 23221 priced at $1,125,000 pairs $5,468/mo rent with after a $5,506/mo payment. Total monthly income equals $5,468/mo. Return on cash invested is 16.23% in year one, and rental yield stands at 5.83% on a $1,125,000 basis. Equity gained on principal adds $7,259/yr, and 5% annual appreciation accumulates to $310,817 by year five. Five-year ROI measures 82.75% and total cumulative return in cash reaches $301,616. For financing, Ziffy Mortgage’s DSCR program evaluates $5,468/mo property income against a $5,506/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1921
3,689 sqft lot
$N/A/sqft
No 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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