613 Roseneath Rd #U1RichmondVA23221
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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 Richmond at 613 Roseneath Rd #U1, Richmond, VA, 23221 generates $2,150/mo in rent and, after a $1,437/mo payment, leaves $158/mo in cash flow. Total monthly income is $2,150/mo, and annual cash flow is $1,892/yr on $97,295 invested. Return on cash invested sits at 21.85% in year one, and rental yield is 8.79% on a $293,500 entry. Equity gained on principal adds $1,894/yr, while 5% annual appreciation builds toward $81,089 over five years. Five-year ROI reaches 114.06% and total cumulative return in cash sums $110,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,150/mo property income rather than buyer’s personal income.
Condo
Built in 1926
866 sqft lot
$N/A/sqft
$187 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23221, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,345 (100%) |
| Owner Occupied HU | 3,976 (47.6%) |
| Renter Occupied HU | 3,922 (47.0%) |
| Vacant Housing Units | 447 ( 5.4%) |
| Median Home Value | $592,338 |
| Average Home Value | $684,208 |
Housing Distribution
Address Breakdown
Residential
7,935
Single Family
5,547
Multi-Family
2,388
Businesses
641
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