4606 Milfax RdNorth ChesterfieldVA23224
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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 North Chesterfield at 4606 Milfax Rd, North Chesterfield, VA, 23224 priced at $249,993 pairs $1,925/mo rent with $307/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,925/mo, and annual cash flow comes to $3,686/yr on $82,873 invested. Return on cash invested is 24.36% in year one, and rental yield stands at 9.24% on a $249,993 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,068 by year five. Five-year ROI measures 127.1% and total cumulative return in cash reaches $105,332. For financing, Ziffy Mortgage’s DSCR program evaluates $1,925/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2007
1,785 sqft lot
$N/A/sqft
$123 monthly 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
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Listed by: Beverly Bailey • RE/MAX Commonwealth
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2413283
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.