5100 Monument Ave UNIT 1007RichmondVA23230
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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 Richmond at 5100 Monument Ave UNIT 1007, Richmond, VA, 23230 earns $581/mo cash flow from $1,830/mo rent with a $1,023/mo payment. Total monthly income totals $1,830/mo, and annual cash flow totals $6,967/yr on $69,284 capital. ROI tracks 29.96% on current figures, and rental yield reads 10.51% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 156.51% and total cumulative return in cash sums $108,434. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,830/mo property income instead of your personal income.
Condo
Built in 1961
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23230, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,768 (100%) |
| Owner Occupied HU | 1,956 (25.2%) |
| Renter Occupied HU | 4,845 (62.4%) |
| Vacant Housing Units | 967 (12.4%) |
| Median Home Value | $385,445 |
| Average Home Value | $403,986 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
3,826
Multi-Family
3,644
Businesses
2,005
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