3908 Cary Street Rd #ARichmondVA23221
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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 3908 Cary Street Rd #A, Richmond, VA, 23221 generates $2,606/mo in rent and, after a $1,689/mo payment, leaves $475/mo in cash flow. Total monthly income is $2,606/mo, and annual cash flow is $5,703/yr on $114,368 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 9.06% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 129.59% and total cumulative return in cash sums $148,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,606/mo property income rather than buyer’s personal income.
Condo
Built in 1953
1,128 sqft lot
$N/A/sqft
$816 annually 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: Meg Grymes • The Steele Group
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2527222
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.