400 W 6th StRichmondVA23224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 400 W 6th St, Richmond, VA, 23224 priced at $709,000 converts $4,072/mo rent into after a $3,470/mo obligation. Total monthly income equals $4,072/mo. Return on cash invested prints 17.99% in year one, and rental yield reads 6.89% against a $709,000 entry. Equity gained on principal adds $4,575/yr, while 5% annual appreciation compiles into $195,884 by year five. Five-year ROI reaches 92.69% and total cumulative return in cash sums $216,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,072/mo property income covering a $3,470/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23224, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 5,371 (27.2%) |
| Renter Occupied HU | 12,527 (63.5%) |
| Vacant Housing Units | 1,834 ( 9.3%) |
| Median Home Value | $217,533 |
| Average Home Value | $299,484 |
Housing Distribution
Address Breakdown
Residential
19,419
Single Family
14,615
Multi-Family
4,804
Businesses
1,358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
