508 Highland DrHenricoVA23075
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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 508 Highland Dr, Henrico, VA, 23075 offers a 6.51% rental yield on a $374,950 purchase with $2,034/mo rent. 91% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,592 over five years. Portfolio math shows five-year ROI at 91.83% and total cumulative return in cash at $114,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
8,559 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23075, Highland Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,274 (100%) |
| Owner Occupied HU | 2,457 (57.5%) |
| Renter Occupied HU | 1,620 (37.9%) |
| Vacant Housing Units | 197 ( 4.6%) |
| Median Home Value | $236,462 |
| Average Home Value | $363,458 |
Housing Distribution
Address Breakdown
Residential
4,254
Single Family
4,103
Multi-Family
151
Businesses
211
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