3310 Frank RdRichmondVA23234
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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 3310 Frank Rd, Richmond, VA, 23234 uses $67,958 cash to close to unlock $2,927/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,469/mo, and a $1,003/mo payment keeps the spread at $244/mo. Purchase price stands at $205,000, and rental yield measures 8.6% with $1,469/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 125.66% and total cumulative return in cash records $85,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,469/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1949
7,832 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23234, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,681 (100%) |
| Owner Occupied HU | 10,172 (54.5%) |
| Renter Occupied HU | 7,538 (40.4%) |
| Vacant Housing Units | 971 ( 5.2%) |
| Median Home Value | $316,894 |
| Average Home Value | $348,315 |
Housing Distribution
Address Breakdown
Residential
18,357
Single Family
16,954
Multi-Family
1,403
Businesses
765
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