3313 Grove Ave, Richmond, VA, 23221 | 5.5% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Richmond at 3313 Grove Ave, Richmond, VA, 23221 earns from $3,206/mo rent with a $3,426/mo payment. Total monthly income totals $3,206/mo. ROI tracks 14.96% on current figures, and rental yield reads 5.5% at a $699,950 purchase. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,383 over five years. Five-year ROI reaches 76% and total cumulative return in cash sums $175,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,206/mo property income instead of your personal income.

Townhouse

Built in 1919

3,105 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