3207 Stony Point Rd APT CRichmondVA23235
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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 3207 Stony Point Rd APT C, Richmond, VA, 23235 offers a 7.55% rental yield on a $425,000 purchase with $2,674/mo rent. Total monthly income registers $2,674/mo, and a $2,080/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,603/yr on $140,888 to close, and return on cash invested stands at 21.05% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 108.67% and total cumulative return in cash at $153,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,674/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
22.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
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