3306 E River RdSouth ChesterfieldVA23803
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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 South Chesterfield at 3306 E River Rd, South Chesterfield, VA, 23803 uses $106,047 cash to close to unlock $4,841/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,316/mo, and a $1,566/mo payment keeps the spread at $403/mo. Purchase price stands at $319,900, and rental yield measures 8.69% with $2,316/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 127.07% and total cumulative return in cash records $134,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,316/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1957
9,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23803, Petersburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,617 (100%) |
| Owner Occupied HU | 9,006 (43.7%) |
| Renter Occupied HU | 9,090 (44.1%) |
| Vacant Housing Units | 2,521 (12.2%) |
| Median Home Value | $254,043 |
| Average Home Value | $308,082 |
Housing Distribution
Address Breakdown
Residential
19,287
Single Family
16,903
Multi-Family
2,384
Businesses
1,055
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Listed by: Thomas Luster • Epique Realty
Mls Name: Bright MLS
Mls ID: #VACF2001330