3316 New Heritage LoopHenricoVA23231
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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 Henrico at 3316 New Heritage Loop, Henrico, VA, 23231 generates $3,031/mo in rent and, after a $1,493/mo payment, leaves $1,009/mo in cash flow. Total monthly income is $3,031/mo, and annual cash flow is $12,103/yr on $101,108 invested. Return on cash invested sits at 31.88% in year one, and rental yield is 11.93% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 167.63% and total cumulative return in cash sums $169,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,031/mo property income rather than buyer’s personal income.
Townhouse
Built in 2019
2,548 sqft lot
$N/A/sqft
$199 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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Listed by: Jessica Futrell • Samson Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2514205
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.