4242 Broad Hill Dr UNIT AHenricoVA23233
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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 Henrico at 4242 Broad Hill Dr UNIT A, Henrico, VA, 23233 uses $129,252 cash to close to unlock $619/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $1,908/mo payment keeps the spread at $52/mo. Purchase price stands at $389,900, and rental yield measures 8.16% with $2,652/mo rent. Return on cash invested shows 20.39% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash records $137,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Condo
Built in 2017
12.55 Acres lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23233, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 9,038 (66.1%) |
| Renter Occupied HU | 4,111 (30.1%) |
| Vacant Housing Units | 529 ( 3.9%) |
| Median Home Value | $551,395 |
| Average Home Value | $575,277 |
Housing Distribution
Address Breakdown
Residential
14,201
Single Family
11,282
Multi-Family
2,919
Businesses
975
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Listed by: Connor Keirce • Providence Hill Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2506078
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.