509 Libbie Ave #GRichmondVA23226
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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 509 Libbie Ave #G, Richmond, VA, 23226 priced at $1,775,000 pairs $2,754/mo rent with after a $8,688/mo payment. Total monthly income equals $2,754/mo. Return on cash invested is 3.43% in year one, and rental yield stands at 1.86% on a $1,775,000 basis. Equity gained on principal adds $11,454/yr, and 5% annual appreciation accumulates to $490,400 by year five. Five-year ROI measures 14.28% and total cumulative return in cash reaches $82,102. For financing, Ziffy Mortgage’s DSCR program evaluates $2,754/mo property income against a $8,688/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
2,787 sqft lot
$N/A/sqft
$263 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
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Listed by: Maria Brent • The Steele Group
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2514238
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.