6161 River Rd APT 49RichmondVA23226
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThere's a case for owning boring assets in strong markets. Rental yield 7.27%. It won't spike overnight, but it will produce quarter after quarter of U.S. dollar income with long-run appreciation. Ziffy Mortgage's DSCR loan removes U.S. income documentation barriers for non-residents. Five-year appreciation of $124,050 and $4,135/yr in equity build project total return of $100,184.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.5% |
| Monthly Cash Flow | $(1,164) | $450 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,722 |
| Total Monthly Debt Service | $3,707 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
10.12 Acres lot
$N/A/sqft
$1,202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
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
Condo
Built in 1963
10.12 Acres lot
$N/A/sqft
$1,202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Whitney Pace • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426813
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.