3913 Hanover AveRichmondVA23221
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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 3913 Hanover Ave, Richmond, VA, 23221 earns from $3,317/mo rent with a $3,597/mo payment. Total monthly income totals $3,317/mo. ROI tracks 14.72% on current figures, and rental yield reads 5.42% at a $735,000 purchase. Equity gained on principal adds $4,743/yr, and 5% annual appreciation supports $203,067 over five years. Five-year ROI reaches 74.7% and total cumulative return in cash sums $180,624. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,317/mo property income instead of your personal income.
Single Family
Built in 1928
6,459 sqft lot
$N/A/sqft
No 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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