5105 Salem StRichmondVA23231
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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 5105 Salem St, Richmond, VA, 23231 uses $115,992 cash to close to unlock $9,431/yr annual cash flow and $786/mo monthly cash flow. Total monthly income runs $2,878/mo, and a $1,713/mo payment keeps the spread at $786/mo. Purchase price stands at $349,900, and rental yield measures 9.87% with $2,878/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 146.17% and total cumulative return in cash records $169,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,878/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1951
10,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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