507 S Davis Ave #U5RichmondVA23220
Nearby investment properties with comparable rents
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 Richmond at 507 S Davis Ave #U5, Richmond, VA, 23220 earns $473/mo cash flow from $2,710/mo rent with a $1,615/mo payment. Total monthly income totals $2,710/mo, and annual cash flow totals $5,671/yr on $109,378 capital. ROI tracks 25.09% on current figures, and rental yield reads 9.86% at a $329,950 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,159 over five years. Five-year ROI reaches 131.44% and total cumulative return in cash sums $143,767. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,710/mo property income instead of your personal income.
Condo
Built in 1923
757.94 sqft lot
$N/A/sqft
$265 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Gee • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423659
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.