5605 Hard Rock PlRichmondVA23230
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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 5605 Hard Rock Pl, Richmond, VA, 23230 uses $127,611 cash to close to unlock $4,452/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $1,884/mo payment keeps the spread at $371/mo. Purchase price stands at $384,950, and rental yield measures 8.33% with $2,672/mo rent. Return on cash invested shows 23.4% in year one, and 5% annual appreciation builds toward $106,355 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash records $154,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.48 Acres 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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