508 Cokesburg LnHenricoVA23229
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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 Henrico at 508 Cokesburg Ln, Henrico, VA, 23229 priced at $464,950 pairs $3,024/mo rent with $244/mo cash flow after a $2,276/mo payment. Total monthly income equals $3,024/mo, and annual cash flow comes to $2,932/yr on $154,131 invested. Return on cash invested is 21.81% in year one, and rental yield stands at 7.8% on a $464,950 basis. Equity gained on principal adds $3,000/yr, and 5% annual appreciation accumulates to $128,457 by year five. Five-year ROI measures 112.78% and total cumulative return in cash reaches $173,827. For financing, Ziffy Mortgage’s DSCR program evaluates $3,024/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23229, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,262 (100%) |
| Owner Occupied HU | 9,624 (67.5%) |
| Renter Occupied HU | 4,174 (29.3%) |
| Vacant Housing Units | 464 ( 3.3%) |
| Median Home Value | $565,789 |
| Average Home Value | $630,393 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
12,472
Multi-Family
1,707
Businesses
752
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