407 Mebane StRichmondVA23227
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
Investment property for sale in Richmond at 407 Mebane St, Richmond, VA, 23227 earns $1,157/mo cash flow from $3,100/mo rent with a $1,591/mo payment. Total monthly income totals $3,100/mo, and annual cash flow totals $13,883/yr on $107,738 capital. ROI tracks 32.79% on current figures, and rental yield reads 11.45% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 171.65% and total cumulative return in cash sums $184,933. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,100/mo property income instead of your personal income.
Single Family
Built in 1964
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23227, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 6,270 (48.9%) |
| Renter Occupied HU | 5,021 (39.2%) |
| Vacant Housing Units | 1,527 (11.9%) |
| Median Home Value | $398,625 |
| Average Home Value | $437,736 |
Housing Distribution
Address Breakdown
Residential
12,489
Single Family
8,738
Multi-Family
3,751
Businesses
634
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Listed by: Brooke Davis • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2508600
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.