416 S Laurel StRichmondVA23220
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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 416 S Laurel St, Richmond, VA, 23220 priced at $379,950 pairs $2,624/mo rent with $352/mo cash flow after a $1,860/mo payment. Total monthly income equals $2,624/mo, and annual cash flow comes to $4,229/yr on $125,953 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 8.29% on a $379,950 basis. Equity gained on principal adds $2,452/yr, and 5% annual appreciation accumulates to $104,973 by year five. Five-year ROI measures 120.58% and total cumulative return in cash reaches $151,881. For financing, Ziffy Mortgage’s DSCR program evaluates $2,624/mo property income against a $1,860/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
2,008 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
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