4820 Old Main St UNIT 510HenricoVA23231
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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
Investment property for sale in Henrico at 4820 Old Main St UNIT 510, Henrico, VA, 23231 earns from $3,574/mo rent with a $3,460/mo payment. Total monthly income totals $3,574/mo. ROI tracks 13.06% on current figures, and rental yield reads 6.07% at a $707,000 purchase. Equity gained on principal adds $4,562/yr, and 5% annual appreciation supports $195,331 over five years. Five-year ROI reaches 67.11% and total cumulative return in cash sums $156,101. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,574/mo property income instead of your personal income.
Condo
Built in 2007
1,894 sqft lot
$N/A/sqft
$680 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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Listed by: Stephen Wesson • Long & Foster Real Estate, Inc.
Mls Name: WMLS
Mls Provider:
Mls ID: #2403064
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2024 WMLS. All rights reserved.