501 Faye StRichmondVA23225
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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 501 Faye St, Richmond, VA, 23225 offers $2,562/mo rent that, after a $1,762/mo payment, leaves $410/mo cash flow. Total monthly income is $2,562/mo, and annual cash flow is $4,921/yr on $119,307 cash. Return on cash invested measures 24.03% in year one, and rental yield stands at 8.54% at a $359,900 entry. Equity gained on principal adds $2,322/yr while 5% annual appreciation compounds into $99,434 by year five. Five-year ROI records 124.72% and total cumulative return in cash reaches $148,802. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,562/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,099 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23225, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,473 (100%) |
| Owner Occupied HU | 8,554 (39.8%) |
| Renter Occupied HU | 11,339 (52.8%) |
| Vacant Housing Units | 1,580 ( 7.4%) |
| Median Home Value | $384,290 |
| Average Home Value | $457,334 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
15,467
Multi-Family
5,584
Businesses
1,099
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