3518 E Richmond Rd #U9RichmondVA23223
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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 Richmond at 3518 E Richmond Rd #U9, Richmond, VA, 23223 generates $902/mo in rent and, after a $587/mo payment, leaves $185/mo in cash flow. Total monthly income is $902/mo, and annual cash flow is $2,220/yr on $39,780 invested. Return on cash invested sits at 25.49% in year one, and rental yield is 9.02% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash sums $52,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $902/mo property income rather than buyer’s personal income.
Condo
Built in 1966
740.52 sqft lot
$N/A/sqft
No 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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