3605 Edna Path #ARichmondVA23233
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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 3605 Edna Path #A, Richmond, VA, 23233 uses $139,142 cash to close to unlock $4,443/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $2,054/mo payment keeps the spread at $370/mo. Purchase price stands at $419,735, and rental yield measures 8.23% with $2,879/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $115,965 over five years. Five-year ROI reaches 119.71% and total cumulative return in cash records $166,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $2,054/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23233, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 9,038 (66.1%) |
| Renter Occupied HU | 4,111 (30.1%) |
| Vacant Housing Units | 529 ( 3.9%) |
| Median Home Value | $551,395 |
| Average Home Value | $575,277 |
Housing Distribution
Address Breakdown
Residential
14,201
Single Family
11,282
Multi-Family
2,919
Businesses
975
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