3860 Lake Hills RdNorth ChesterfieldVA23234
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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 North Chesterfield at 3860 Lake Hills Rd, North Chesterfield, VA, 23234 generates $3,768/mo in rent and, after a $2,496/mo payment, leaves $677/mo in cash flow. Total monthly income is $3,768/mo, and annual cash flow is $8,124/yr on $167,790 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 8.87% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 129.41% and total cumulative return in cash sums $217,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,768/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23234, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,681 (100%) |
| Owner Occupied HU | 10,172 (54.5%) |
| Renter Occupied HU | 7,538 (40.4%) |
| Vacant Housing Units | 971 ( 5.2%) |
| Median Home Value | $316,894 |
| Average Home Value | $348,315 |
Housing Distribution
Address Breakdown
Residential
18,357
Single Family
16,954
Multi-Family
1,403
Businesses
765
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Nearby investment properties with comparable prices
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