3429 Hanover AveRichmondVA23221
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Nearby investment properties with comparable prices
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 Richmond at 3429 Hanover Ave, Richmond, VA, 23221 generates $2,896/mo in rent, after a $2,986/mo payment. Total monthly income is $2,896/mo. Return on cash invested sits at 14.84% in year one, and rental yield is 5.7% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 75.6% and total cumulative return in cash sums $151,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
3,023 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 |
Housing Distribution
Address Breakdown
Residential
7,935
Single Family
5,547
Multi-Family
2,388
Businesses
641
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Listed by: Will Hamnett • Hamnett Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2513673
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.