3516 E Richmond Rd #U11RichmondVA23223
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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 3516 E Richmond Rd #U11, Richmond, VA, 23223 listed at $117,000 pairs $906/mo rent with a $573/mo payment to leave $51/mo cash flow. Total monthly income runs $906/mo, and annual cash flow reaches $615/yr on $38,786 cash to close. Return on cash invested measures 21.49% in year one, and rental yield registers 9.29% at a $117,000 basis. Equity gained on principal adds $755/yr, and annual property appreciation at 5% supports $32,325 by year five. Five-year ROI tracks 112.93% and total cumulative return in cash totals $43,801. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $906/mo property income relative to a $573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1966
740.52 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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Listed by: Aleksandar Aleksandrov • Realty Group LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2425366
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.