605 Spring StRichmondVA23220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 605 Spring St, Richmond, VA, 23220 listed at $382,400 pairs $3,214/mo rent with a $1,872/mo payment to leave $919/mo cash flow. Total monthly income runs $3,214/mo, and annual cash flow reaches $11,026/yr on $126,766 cash to close. Return on cash invested measures 28.61% in year one, and rental yield registers 10.09% at a $382,400 basis. Equity gained on principal adds $2,468/yr, and annual property appreciation at 5% supports $105,650 by year five. Five-year ROI tracks 149.23% and total cumulative return in cash totals $189,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,214/mo property income relative to a $1,872/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices