523 Saint Albans Way #4HenricoVA23229
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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
Total monthly income runs $1,867/mo, and a $2,447/mo payment. Purchase price stands at $500,000, and rental yield measures 4.48% with $1,867/mo rent. Return on cash invested shows 8.13% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 40.74% and total cumulative return in cash records $67,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,867/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1987
1,934 sqft lot
$N/A/sqft
$505 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23229, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,262 (100%) |
| Owner Occupied HU | 9,624 (67.5%) |
| Renter Occupied HU | 4,174 (29.3%) |
| Vacant Housing Units | 464 ( 3.3%) |
| Median Home Value | $565,789 |
| Average Home Value | $630,393 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
12,472
Multi-Family
1,707
Businesses
752
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Listed by: Margaret Wade • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424371
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 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.