5110 Old Main StHenricoVA23231
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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 5110 Old Main St, Henrico, VA, 23231 priced at $945,000 converts $4,216/mo rent into after a $4,625/mo obligation. Total monthly income equals $4,216/mo. Return on cash invested prints 13.81% in year one, and rental yield reads 5.35% against a $945,000 entry. Equity gained on principal adds $6,098/yr, while 5% annual appreciation compiles into $261,086 by year five. Five-year ROI reaches 70.1% and total cumulative return in cash sums $217,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,216/mo property income covering a $4,625/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
1,624 sqft lot
$N/A/sqft
$186 monthly 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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Listed by: Terri Abernethy • Shaheen Ruth Martin & Fonville
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2508584
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.